Target Co. (NYSE:TGT – Get 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.
Hedge Funds Weigh In On Target
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:TGT – Get 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
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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