Stifel Nicolaus Lowers Target (NYSE:TGT) Price Target to $120.00

Target (NYSE:TGT) had its price objective reduced by stock analysts at Stifel Nicolaus from $130.00 to $120.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ target price points to a potential upside of 15.06% from the company’s current price.

A number of other equities research analysts also recently issued reports on TGT. Bank of America decreased their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Roth Capital set a $122.00 price target on shares of Target in a report on Wednesday, March 5th. Piper Sandler dropped their price target on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Oppenheimer decreased their price objective on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and lowered their price objective for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $145.55.

Target Stock Up 0.1 %

TGT opened at $104.29 on Thursday. Target has a 52 week low of $101.76 and a 52 week 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 firm has a 50-day simple moving average of $125.89 and a two-hundred day simple moving average of $138.13. The company has a market capitalization of $47.51 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGT. Norges Bank bought a new stake in shares of Target in the 4th quarter valued at about $757,892,000. State Street Corp increased its holdings in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the period. Raymond James Financial Inc. bought a new position in Target in the fourth quarter worth approximately $297,122,000. Ameriprise Financial Inc. lifted its holdings in Target by 61.2% during the fourth quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock worth $536,407,000 after buying an additional 1,506,275 shares during the period. Finally, Two Sigma Advisers LP boosted its position in Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after acquiring an additional 1,502,200 shares in 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.