Target (NYSE:TGT) Given New $120.00 Price Target at Stifel Nicolaus

Target (NYSE:TGT) had its price objective lowered by Stifel Nicolaus from $130.00 to $120.00 in a research note released on Thursday,Benzinga reports. The firm currently has a hold rating on the retailer’s stock.

Other research analysts have also recently issued research reports about the company. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Piper Sandler lowered their price objective on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Guggenheim increased their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.55.

Target Stock Up 0.1 %

TGT opened at $104.29 on Thursday. Target has a 1-year low of $101.76 and a 1-year high of $181.86. The stock’s fifty day simple moving average is $125.89 and its 200 day simple moving average is $138.03. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $47.51 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. As a group, research analysts expect that Target will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Hedge Funds Weigh In On Target

Several large investors have recently bought and sold shares of TGT. Thrivent Financial for Lutherans raised its position in Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. Advisors Asset Management Inc. raised its position in Target by 7.1% in the third quarter. Advisors Asset Management Inc. now owns 23,400 shares of the retailer’s stock valued at $3,647,000 after purchasing an additional 1,551 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Target in the third quarter valued at about $153,000. Moors & Cabot Inc. raised its position in Target by 6.1% in the third quarter. Moors & Cabot Inc. now owns 14,466 shares of the retailer’s stock valued at $2,255,000 after purchasing an additional 836 shares during the last quarter. Finally, Moran Wealth Management LLC bought a new position in Target in the third quarter valued at about $6,370,000. 79.73% of the stock is currently owned by institutional investors.

Target Company Profile

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.