Target Corp. (NYSE:TGT)‘s stock had its “buy” rating reissued by equities research analysts at Brean Capital in a research note issued on Saturday. They currently have a $28.00 price objective on the retailer’s stock. Brean Capital’s target price suggests a potential downside of 59.44% from the company’s previous close.
Several other equities analysts also recently weighed in on TGT. Credit Suisse Group AG assumed coverage on Target Corp. in a research report on Friday, September 16th. They set a “neutral” rating and a $65.00 price target for the company. MKM Partners reissued a “neutral” rating and set a $78.00 price target (up previously 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 price target for the company. in a research report on Monday, July 11th. Nomura set a $75.00 price target on Target Corp. and gave the stock a “hold” rating in a research report on Thursday, August 18th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $86.00 price target 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 assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $74.49.
Target Corp. (NYSE:TGT) opened at 69.04 on Friday. The company’s 50-day moving average price is $69.36 and its 200 day moving average price is $73.44. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 12.78 and a beta of 0.68. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14.
Target Corp. (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. The firm 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 business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. On average, equities 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. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Monday, November 14th. Target Corp.’s dividend payout ratio (DPR) is presently 44.44%.
Several institutional investors have recently bought and sold shares of TGT. Ropes Wealth Advisors LLC raised its position in 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 raised its position in 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 raised its position in 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 position in Target Corp. during the first quarter valued at approximately $165,000. Finally, Duncker Streett & Co. Inc. raised its position in 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 owned by institutional investors.
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.
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