UBS Group Issues Pessimistic Forecast for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its target price decreased by analysts at UBS Group from $170.00 to $155.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. UBS Group’s target price points to a potential upside of 36.23% from the stock’s current price.

Several other brokerages have also recently weighed in on TGT. StockNews.com cut Target from a “buy” rating to a “hold” rating in a report on Monday. Bank of America dropped their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday. HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Citigroup lowered their target price on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $147.00.

Target Price Performance

Shares of TGT opened at $113.78 on Wednesday. The business has a 50-day simple moving average of $132.46 and a two-hundred day simple moving average of $141.72. Target has a 12-month low of $112.53 and a 12-month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $52.13 billion, a PE ratio of 12.07, a PEG ratio of 1.94 and a beta of 1.18.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in Target during the 3rd quarter valued at about $49,000. Impax Asset Management Group plc lifted its position in Target by 8.6% during the third 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 during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the third quarter worth about $38,000. Central Bank & Trust Co. lifted its holdings in Target by 6.2% in the third quarter. Central Bank & Trust Co. now owns 2,283 shares of the retailer’s stock valued at $356,000 after acquiring an additional 134 shares during the period. Finally, Crestwood Advisors Group LLC boosted its position in Target by 11.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors 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.