Target Corporation (TGT) Earns “Hold” Rating from Jefferies Group LLC

Jefferies Group LLC reaffirmed their hold rating on shares of Target Corporation (NYSE:TGT) in a research report report published on Tuesday morning. The firm currently has a $59.00 price objective on the retailer’s stock.

TGT has been the subject of several other reports. Instinet lowered their price target on Target Corporation to $60.00 in a research report on Wednesday, March 1st. Morgan Stanley lowered their price target on Target Corporation from $65.00 to $52.00 and set an underweight rating for the company in a research report on Wednesday, March 1st. Stifel Nicolaus lowered their price target on Target Corporation from $72.00 to $58.00 and set a hold rating for the company in a research report on Wednesday, March 1st. Goldman Sachs Group, Inc. (The) set a $53.00 price target on Target Corporation and gave the stock a sell rating in a research report on Wednesday, March 1st. Finally, Gordon Haskett initiated coverage on Target Corporation in a research report on Tuesday, May 9th. They set a sell rating and a $47.00 price target for the company. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $63.76.

Analyst Recommendations for Target Corporation (NYSE:TGT)

Shares of Target Corporation (NYSE TGT) opened at 50.76 on Tuesday. The firm has a 50 day moving average price of $55.56 and a 200 day moving average price of $61.25. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The stock has a market capitalization of $28.00 billion, a PE ratio of 10.40 and a beta of 0.58.

Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, topping the consensus estimate of $0.91 by $0.30. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The business had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. During the same period last year, the business posted $1.29 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts predict that Target Corporation will post $4.23 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by Mideast Time and is owned by of Mideast Time. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.mideasttime.com/target-corporation-tgt-earns-hold-rating-from-jefferies-group-llc/1810848.html.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.62 per share. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.89%. Target Corporation’s payout ratio is 48.98%.

Large investors have recently made changes to their positions in the company. Cribstone Capital Management LLC raised its stake in shares of Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the period. Reilly Financial Advisors LLC raised its stake in shares of Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the period. Pinnacle Bank purchased a new stake in shares of Target Corporation during the first quarter valued at approximately $123,000. Peoples Financial Services CORP. raised its stake in shares of Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after buying an additional 204 shares during the period. 83.00% of the stock is currently owned by institutional investors and hedge funds.

Target Corporation Company Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TGT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Target Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corporation and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.