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

Shares of Target Co. (NYSE:TGT) have received a consensus recommendation of “Hold” from the thirty-two ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $157.93.

TGT has been the subject of several recent analyst reports. Sanford C. Bernstein raised their target price on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. Piper Sandler reduced their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Evercore ISI cut their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Stifel Nicolaus increased their price target on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Truist Financial increased their price target on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th.

Target Stock Down 3.2 %

TGT stock opened at $120.28 on Tuesday. Target has a one year low of $119.92 and a one year high of $181.86. The stock has a market capitalization of $55.11 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a fifty day moving average of $133.54 and a 200-day moving average of $142.28.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.72%. Target’s dividend payout ratio (DPR) is 47.51%.

Institutional Inflows and Outflows

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. Hopwood Financial Services Inc. acquired a new position in Target during the fourth quarter valued at approximately $29,000. Bernard Wealth Management Corp. acquired a new position in Target during the fourth quarter valued at approximately $29,000. MCF Advisors LLC lifted its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

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.