Target Corp. (NYSE:TGT) received a $72.00 price objective from equities researchers at Jefferies Group in a report released on Tuesday. The firm currently has a a “hold” rating on the retailer’s stock. Jefferies Group’s price objective would suggest a potential upside of 6.29% from the stock’s previous close.
Several other equities analysts also recently commented on TGT. Credit Suisse Group AG began coverage on Target Corp. in a research report on Friday, September 16th. They issued a “neutral” rating and a $65.00 price objective on the stock. MKM Partners reiterated a “neutral” rating and issued a $78.00 target price (up from $73.00) on shares of Target Corp. in a research report on Tuesday, August 16th. Vetr downgraded Target Corp. from a “buy” rating to a “hold” rating and set a $75.39 target price on the stock. in a research report on Monday, July 11th. Nomura set a $75.00 target price on Target Corp. and gave the stock a “hold” rating in a research report on Thursday, August 18th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $86.00 target price on shares of Target Corp. in a research report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. Target Corp. currently has an average rating of “Hold” and a consensus target price of $76.82.
Shares of Target Corp. (NYSE:TGT) opened at 67.74 on Tuesday. The stock has a 50 day moving average price of $69.46 and a 200-day moving average price of $73.57. The company has a market capitalization of $38.94 billion, a price-to-earnings ratio of 12.54 and a beta of 0.68. Target Corp. has a 12 month low of $65.50 and a 12 month high of $84.14.
Target Corp. (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The business had revenue of $16.20 billion for the quarter. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Target Corp.’s revenue was down 7.2% on a year-over-year basis. Analysts expect that Target Corp. will post $4.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.40 annualized dividend and a yield of 3.54%. Target Corp.’s dividend payout ratio (DPR) is presently 44.44%.
A number of hedge funds have recently made changes to their positions in the stock. Ropes Wealth Advisors LLC boosted its stake in shares of Target Corp. by 9.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock valued at $107,000 after buying an additional 127 shares during the period. Arcadia Investment Management Corp MI boosted its stake in shares of Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock valued at $119,000 after buying an additional 500 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock valued at $154,000 after buying an additional 42 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Target Corp. during the first quarter valued at about $165,000. Finally, Duncker Streett & Co. Inc. boosted its stake in shares of Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock valued at $165,000 after buying an additional 100 shares during the period. 86.19% of the stock is currently owned by institutional investors and hedge funds.
Target Corp. Company Profile
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
Receive News & Ratings for Target Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corp. and related companies with MarketBeat.com's FREE daily email newsletter.