Target Co. (NYSE:TGT) Given Average Rating of “Hold” by Analysts

Shares of Target Co. (NYSE:TGT) have been assigned an average rating of “Hold” from the thirty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $160.57.

TGT has been the subject of several analyst reports. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup downgraded Target from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. Evercore ISI lowered their target price on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Finally, Piper Sandler dropped their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st.

Institutional Trading of Target

Several hedge funds have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter valued at about $28,000. Wolff Wiese Magana LLC raised its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Target during the third quarter valued at approximately $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Target during the third quarter valued at approximately $41,000. 79.73% of the stock is owned by institutional investors.

Target Stock Up 2.6 %

NYSE:TGT opened at $141.78 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target has a one year low of $120.21 and a one year high of $181.86. The firm’s 50 day simple moving average is $137.58 and its 200 day simple moving average is $145.53. The company has a market cap of $64.97 billion, a PE ratio of 15.03, a P/E/G ratio of 2.21 and a beta of 1.17.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, research analysts anticipate that Target will post 8.6 earnings per share for the current year.

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.