Target (NYSE:TGT) Downgraded by StockNews.com to Hold

Target (NYSE:TGT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other brokerages have also commented on TGT. Evercore ISI decreased their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Target in a research report on Friday, January 17th. Stifel Nicolaus raised their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. 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. Finally, Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $157.93.

Target Price Performance

Shares of NYSE TGT traded down $3.96 during midday trading on Monday, hitting $120.28. The company had a trading volume of 12,075,648 shares, compared to its average volume of 5,614,773. The firm has a market capitalization of $55.11 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target has a twelve month low of $119.92 and a twelve month high of $181.86. The business has a 50-day simple moving average of $133.54 and a two-hundred day simple moving average of $142.28. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cynosure Group LLC raised its holdings in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the period. Hancock Whitney Corp increased its position in Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its holdings in Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after buying an additional 73 shares during the period. Proffitt & Goodson Inc. lifted its position in Target by 2.2% during the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after buying an additional 73 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its stake in Target by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.