Analysts Set Target Co. (NYSE:TGT) Price Target at $160.57

Target Co. (NYSE:TGTGet Free Report) has received an average recommendation of “Hold” from the thirty-two analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $160.57.

Several research firms have recently weighed in on TGT. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research note on Wednesday, November 20th. Piper Sandler lowered their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Evercore ISI dropped their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th.

Read Our Latest Report on TGT

Hedge Funds Weigh In On Target

Several institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its holdings in Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after buying an additional 9,510 shares during the period. Prana Capital Management LP grew its position in Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after acquiring an additional 69,885 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of Target in the third quarter worth about $967,000. Finally, Leibman Financial Services Inc. purchased a new position in shares of Target during the fourth quarter worth approximately $2,272,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 1.4 %

TGT stock opened at $134.58 on Monday. The stock has a market cap of $61.67 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.21 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $137.06 and its two-hundred day simple moving average is $145.39. Target has a 1-year low of $120.21 and a 1-year high of $181.86.

Target (NYSE:TGTGet Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $2.10 EPS. Analysts expect that Target will post 8.6 EPS for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.33%. Target’s dividend payout ratio is presently 47.51%.

About Target

(Get Free Report

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.

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Analyst Recommendations for Target (NYSE:TGT)

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