Vetr lowered shares of Target Corp. (NYSE:TGT) from a buy rating to a sell rating in a report issued on Monday. They currently have $66.50 price objective on the retailer’s stock.
A number of other equities research analysts have also commented on the company. Guggenheim assumed coverage on Target Corp. in a research report on Friday. They issued a neutral rating for the company. Barclays PLC reissued an underweight rating and issued a $60.00 price target on shares of Target Corp. in a research report on Friday, September 23rd. Credit Suisse Group AG assumed coverage on Target Corp. in a research report on Friday, September 16th. They issued a neutral rating and a $65.00 price target for the company. Jefferies Group reissued a hold rating on shares of Target Corp. in a research report on Monday, September 12th. Finally, Cowen and Company lowered Target Corp. from an outperform rating to a market perform rating and decreased their target price for the company from $75.00 to $68.00 in a research report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Target Corp. currently has an average rating of Hold and an average target price of $76.82.
Target Corp. (NYSE:TGT) opened at 68.68 on Monday. The firm has a market cap of $39.48 billion, a P/E ratio of 12.71 and a beta of 0.68. The company has a 50-day moving average price of $69.88 and a 200-day moving average price of $73.71. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14.
Target Corp. (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The business earned $16.20 billion during the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. On average, equities research analysts forecast that Target Corp. will post $4.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be paid a $0.60 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 3.49%. Target Corp.’s dividend payout ratio (DPR) is currently 44.44%.
Institutional investors have recently made changes to their positions in the company. Ropes Wealth Advisors LLC boosted its position 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 worth $107,000 after buying an additional 127 shares during the period. Arcadia Investment Management Corp MI boosted its position 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 worth $119,000 after buying an additional 500 shares during the period. Loomis Sayles & Co. L P boosted its position 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 worth $154,000 after buying an additional 42 shares during the period. Acrospire Investment Management LLC bought a new position in shares of Target Corp. during the first quarter worth approximately $165,000. Finally, Duncker Streett & Co. Inc. boosted its position 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 worth $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.
About Target Corp.
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.
To view Vetr’s full report, visit Vetr’s official website.
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