Target (NYSE:TGT) Price Target Cut to $120.00 by Analysts at Evercore ISI

Target (NYSE:TGT) had its price target lowered by Evercore ISI from $130.00 to $120.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the retailer’s stock. Evercore ISI’s target price points to a potential upside of 13.38% from the company’s current price.

Several other analysts also recently weighed in on TGT. Roth Capital set a $122.00 price objective on Target in a research report on Wednesday, March 5th. Telsey Advisory Group dropped their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Guggenheim lifted their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Jefferies Financial Group lowered their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company cut their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $142.90.

Target Stock Performance

TGT opened at $105.84 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a 52-week low of $100.50 and a 52-week high of $177.23. The firm has a market cap of $48.22 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The business’s fifty day moving average is $121.12 and its 200-day moving average is $135.54.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Sell-side analysts expect that Target will post 8.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new stake in Target in the third quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target during the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. bought a new stake in shares of Target in the 4th quarter valued at $29,000. MCF Advisors LLC lifted its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

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.