Target (NYSE:TGT) Price Target Raised to $155.00

Target (NYSE:TGT) had its price target boosted by Guggenheim from $145.00 to $155.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other research analysts also recently commented on TGT. Truist Financial lifted their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Piper Sandler lowered their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Roth Mkm dropped their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein began coverage on Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Target has a consensus rating of “Hold” and an average target price of $158.57.

Target Trading Up 0.5 %

Shares of NYSE:TGT opened at $137.99 on Wednesday. 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 has a market capitalization of $63.23 billion, a PE ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.16. Target has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a fifty day moving average price of $134.66 and a 200 day moving average price of $144.89.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 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 analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 EPS. Analysts expect that Target will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.25%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of Target during the third quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. MCF Advisors LLC lifted its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at $36,000. Institutional investors and hedge funds 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.