Target (NYSE:TGT) Earns Neutral Rating from Roth Mkm

Target (NYSE:TGT)‘s stock had its “neutral” rating reiterated by analysts at Roth Mkm in a report released on Wednesday,Benzinga reports. They presently have a $122.00 target price on the retailer’s stock, down from their prior target price of $131.00. Roth Mkm’s price target indicates a potential upside of 7.23% from the company’s previous close.

TGT has been the subject of several other research reports. Bank of America decreased their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Jefferies Financial Group reduced their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday. HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research note on Wednesday, November 20th. Guggenheim raised their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, StockNews.com cut shares of Target from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $147.00.

Target Stock Down 2.4 %

TGT opened at $113.78 on Wednesday. Target has a twelve month low of $112.53 and a twelve month high of $181.86. The company’s 50-day moving average price is $132.46 and its two-hundred day moving average price is $141.72. The stock has a market cap of $52.13 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.94 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

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

Hedge Funds Weigh In On Target

Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in Target during the third quarter valued at approximately $49,000. Impax Asset Management Group plc boosted its stake in shares of 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 purchasing an additional 19,095 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Target during the 3rd quarter valued at $38,000. Central Bank & Trust Co. raised its position in Target by 6.2% in the 3rd 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 lifted its stake in Target by 11.0% in the third quarter. Crestwood Advisors Group LLC now owns 11,267 shares of the retailer’s stock worth $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.

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.