Target (NYSE:TGT) Given New $134.00 Price Target at Truist Financial

Target (NYSE:TGT) had its price objective lifted by Truist Financial from $129.00 to $134.00 in a report published on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the retailer’s stock.

A number of other research analysts also recently commented on the stock. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Evercore ISI cut their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. StockNews.com cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. cut their target price on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Roth Mkm lowered their price target on Target from $157.00 to $131.00 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $158.23.

Target Price Performance

Target stock opened at $133.62 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm’s 50-day simple moving average is $136.13 and its 200 day simple moving average is $145.14. Target has a 52 week low of $120.21 and a 52 week high of $181.86. The firm has a market capitalization of $61.22 billion, a PE ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 EPS. On average, equities research analysts predict that Target will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.35%. Target’s dividend payout ratio (DPR) is 47.51%.

Hedge Funds Weigh In On Target

A number of hedge funds and other institutional investors have recently bought and sold shares of TGT. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter worth about $28,000. Wolff Wiese Magana LLC boosted its stake in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. MCF Advisors LLC grew its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of Target during the third quarter valued at approximately $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.