Target (NYSE:TGT) Shares Up 0% – Time to Buy?

Target Co. (NYSE:TGT) traded up 0% on Friday . The stock traded as high as $137.09 and last traded at $136.43. 743,514 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,545,235 shares. The stock had previously closed at $136.39.

Analyst Ratings Changes

Several brokerages recently commented on TGT. Citigroup downgraded Target from a “buy” rating to a “neutral” rating and dropped their target price for the company from $188.00 to $130.00 in a report on Wednesday, November 20th. BMO Capital Markets dropped their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Piper Sandler dropped their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $160.57.

Target Price Performance

The business’s 50-day simple moving average is $140.01 and its 200 day simple moving average is $146.06. The company has a market capitalization of $62.09 billion, a P/E ratio of 14.37, a P/E/G ratio of 2.23 and a beta of 1.17. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 EPS. As a group, sell-side analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after buying an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP grew its position in Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after buying an additional 1,502,200 shares during the last quarter. FMR LLC increased its holdings in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Target by 711.2% during the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after acquiring an additional 768,479 shares during the last quarter. Institutional investors 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.