Target (NYSE:TGT) PT Lowered to $165.00 at Evercore ISI

Target (NYSE:TGT) had its target price decreased by Evercore ISI from $170.00 to $165.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “in-line” rating on the retailer’s stock. Evercore ISI’s price target indicates a potential upside of 11.46% from the company’s previous close.

TGT has been the subject of several other research reports. Citigroup upped their target price on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Truist Financial increased their price objective on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. UBS Group raised their target price on Target from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley reiterated an “overweight” rating and set a $180.00 price target on shares of Target in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada raised their price target on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Down 0.8 %

Shares of Target stock opened at $148.04 on Tuesday. Target has a twelve month low of $105.23 and a twelve month high of $181.86. The stock has a market capitalization of $68.49 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.99 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The business’s 50 day simple moving average is $153.07 and its 200-day simple moving average is $152.23.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $1.80 earnings per share. Equities research analysts forecast that Target will post 9.53 earnings per share for the current year.

Insider Activity

In other news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Institutional Trading of Target

A number of institutional investors have recently bought and sold shares of TGT. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Target by 7.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,734 shares of the retailer’s stock worth $20,443,000 after purchasing an additional 8,823 shares in the last quarter. Capital Management Associates Inc bought a new position in Target during the third quarter valued at approximately $734,000. Financial Management Network Inc. acquired a new stake in Target in the third quarter valued at approximately $210,000. Canal Capital Management LLC bought a new stake in Target in the third quarter worth approximately $204,000. Finally, Ballentine Partners LLC increased its stake in shares of Target by 6.3% during the 3rd quarter. Ballentine Partners LLC now owns 11,590 shares of the retailer’s stock worth $1,806,000 after purchasing an additional 683 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.