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

Target Co. (NYSE:TGT) has been assigned an average recommendation of “Hold” from the thirty-two analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $160.57.

Several equities analysts have weighed in on the company. Evercore ISI lowered their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and dropped their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Sanford C. Bernstein started coverage on Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price on the stock. Citigroup lowered Target from a “buy” rating to a “neutral” rating and reduced their price target for the company from $188.00 to $130.00 in a report on Wednesday, November 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th.

Target Trading Up 2.6 %

NYSE:TGT opened at $141.78 on Monday. The business has a fifty day moving average of $137.58 and a 200-day moving average of $145.53. The stock has a market cap of $64.97 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a 1 year low of $120.21 and a 1 year high of $181.86.

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

Institutional Trading of Target

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC grew its holdings in shares of 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 acquired a new position in Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC bought a new position in Target in the 3rd quarter valued at approximately $38,000. Finally, Reston Wealth Management LLC acquired a new stake in Target in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.