Roth Mkm Cuts Target (NYSE:TGT) Price Target to $131.00

Target (NYSE:TGT) had its price target reduced by Roth Mkm from $157.00 to $131.00 in a research note published on Thursday morning,Benzinga reports. Roth Mkm currently has a neutral rating on the retailer’s stock.

TGT has been the topic of several other research reports. Bank of America upped their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. UBS Group raised their price target on Target from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price objective on shares of Target in a report on Wednesday, November 20th. Sanford C. Bernstein initiated coverage on shares of Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.13.

Target Stock Performance

NYSE TGT opened at $125.01 on Thursday. The company has a 50 day moving average of $151.27 and a 200-day moving average of $149.54. Target has a 1-year low of $120.21 and a 1-year high of $181.86. The firm has a market cap of $57.59 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.57 and a beta of 1.24. The company has a current ratio of 0.94, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings data 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Target will post 9.58 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 3.58%. Target’s dividend payout ratio is currently 47.51%.

Insiders Place Their Bets

In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,348 shares of company stock worth $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of Target

Institutional investors have recently made changes to their positions in the business. TAP Consulting LLC acquired a new stake in Target in the 3rd quarter valued at $2,403,000. Olstein Capital Management L.P. increased its position in shares of Target by 8.7% in the third quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock valued at $7,793,000 after acquiring an additional 4,000 shares during the last quarter. Smead Capital Management Inc. raised its holdings in Target by 3.4% during the third quarter. Smead Capital Management Inc. now owns 1,243,928 shares of the retailer’s stock worth $193,879,000 after acquiring an additional 41,394 shares in the last quarter. Janus Henderson Group PLC boosted its position in Target by 20.5% during the first quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock valued at $38,484,000 after purchasing an additional 36,941 shares during the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in Target in the third quarter valued at approximately $1,937,000. Institutional investors 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.