Citigroup Lowers Target (NYSE:TGT) Price Target to $120.00

Target (NYSE:TGT) had its price target lowered by stock analysts at Citigroup from $133.00 to $120.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the retailer’s stock. Citigroup’s target price points to a potential upside of 5.47% from the stock’s previous close.

Several other research firms have also recently weighed in on TGT. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and dropped their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Bank of America reduced their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. BMO Capital Markets dropped their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Finally, Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $147.00.

Target Stock Down 2.4 %

Shares of NYSE:TGT opened at $113.78 on Wednesday. The company has a 50 day moving average price of $132.46 and a two-hundred day moving average price of $141.72. 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 market capitalization of $52.13 billion, a PE ratio of 12.07, a PEG ratio of 1.94 and a beta of 1.18. Target has a 52 week low of $112.53 and a 52 week high of $181.86.

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

Institutional Investors Weigh In On Target

Several hedge funds have recently bought and sold shares of TGT. Harbor Capital Advisors Inc. acquired a new stake in shares of Target in the third quarter valued at approximately $49,000. Impax Asset Management Group plc raised its stake in Target by 8.6% in the 3rd quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer’s stock valued at $37,632,000 after acquiring an additional 19,095 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Target during the 3rd quarter valued at $38,000. Central Bank & Trust Co. boosted its position in Target by 6.2% during the third quarter. Central Bank & Trust Co. now owns 2,283 shares of the retailer’s stock worth $356,000 after purchasing an additional 134 shares during the period. Finally, Crestwood Advisors Group LLC increased its holdings in shares of Target by 11.0% in the third quarter. Crestwood Advisors Group LLC now owns 11,267 shares of the retailer’s stock valued at $1,756,000 after purchasing an additional 1,114 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.