Target (NYSE: TGT) recently received a number of ratings updates from brokerages and research firms:
- 8/29/2024 – Target had its price target raised by analysts at JPMorgan Chase & Co. from $153.00 to $167.00. They now have a “neutral” rating on the stock.
- 8/26/2024 – Target was upgraded by analysts at Daiwa America to a “strong-buy” rating.
- 8/26/2024 – Target was upgraded by analysts at Daiwa Capital Markets from a “neutral” rating to an “outperform” rating. They now have a $170.00 price target on the stock.
- 8/22/2024 – Target was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
- 8/22/2024 – Target had its price target raised by analysts at Wells Fargo & Company from $160.00 to $180.00. They now have an “overweight” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Royal Bank of Canada from $174.00 to $177.00. They now have an “outperform” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Telsey Advisory Group from $190.00 to $195.00. They now have an “outperform” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Roth Mkm from $153.00 to $157.00. They now have a “neutral” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Evercore ISI from $158.00 to $160.00. They now have an “inline” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at TD Cowen from $165.00 to $180.00. They now have a “hold” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Truist Financial Co. from $156.00 to $162.00. They now have a “hold” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Stifel Nicolaus from $147.00 to $165.00. They now have a “hold” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Citigroup Inc. from $180.00 to $188.00. They now have a “buy” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at UBS Group AG from $185.00 to $200.00. They now have a “buy” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Jefferies Financial Group Inc. from $190.00 to $195.00. They now have a “buy” rating on the stock.
- 8/22/2024 – Target had its price target raised by analysts at Bank of America Co. from $190.00 to $195.00. They now have a “buy” rating on the stock.
- 8/21/2024 – Target had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $180.00 price target on the stock.
- 8/16/2024 – Target had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $190.00 price target on the stock.
- 8/14/2024 – Target had its price target lowered by analysts at Oppenheimer Holdings Inc. from $200.00 to $180.00. They now have an “outperform” rating on the stock.
- 8/13/2024 – Target had its price target lowered by analysts at Stifel Nicolaus from $170.00 to $147.00. They now have a “hold” rating on the stock.
- 8/7/2024 – Target had its price target lowered by analysts at Wells Fargo & Company from $175.00 to $160.00. They now have an “overweight” rating on the stock.
- 8/5/2024 – Target had its price target lowered by analysts at JPMorgan Chase & Co. from $165.00 to $153.00. They now have a “neutral” rating on the stock.
- 8/1/2024 – Target had its price target raised by analysts at Truist Financial Co. from $153.00 to $156.00. They now have a “hold” rating on the stock.
- 7/10/2024 – Target is now covered by analysts at Piper Sandler. They set a “neutral” rating and a $156.00 price target on the stock.
Target Stock Up 0.1 %
NYSE:TGT opened at $153.62 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The firm has a market cap of $71.07 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19. The company has a 50-day moving average of $147.18 and a 200 day moving average of $154.95. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86.
Target (NYSE:TGT – Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 earnings per share. As a group, research analysts anticipate that Target Co. will post 9.49 EPS for the current fiscal year.
Target Increases Dividend
Insiders Place Their Bets
In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The sale was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Little House Capital LLC purchased a new stake in shares of Target during the 1st quarter worth about $1,041,000. Nordea Investment Management AB raised its holdings in Target by 23.6% in the 1st quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after purchasing an additional 122,706 shares during the period. QRG Capital Management Inc. boosted its position in Target by 11.4% during the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after purchasing an additional 6,690 shares in the last quarter. Janney Capital Management LLC acquired a new stake in Target in the first quarter valued at approximately $13,958,000. Finally, United Services Automobile Association increased its position in shares of Target by 134.6% in the fourth quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock valued at $14,781,000 after buying an additional 59,553 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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