Target (NYSE:TGT) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Target (NYSE:TGT) had its price target upped by Sanford C. Bernstein from $139.00 to $142.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the retailer’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 1.22% from the company’s current price.

A number of other brokerages have also commented on TGT. Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Roth Mkm reduced their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $157.70.

Target Price Performance

NYSE TGT opened at $140.28 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market cap of $64.28 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 2.21 and a beta of 1.16. The business has a 50 day simple moving average of $133.80 and a 200 day simple moving average of $144.64. Target has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 EPS. Analysts anticipate that Target will post 8.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TGT. Legacy Investment Solutions LLC acquired a new stake in Target during the third quarter worth approximately $28,000. Wolff Wiese Magana LLC grew its holdings in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Target in the third quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new position in Target in the third quarter valued at about $38,000. Finally, MCF Advisors LLC lifted its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.