Target (NYSE:TGT) Price Target Raised to $133.00

Target (NYSE:TGT) had its target price lifted by Citigroup from $130.00 to $133.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

A number of other equities analysts also recently commented on the company. TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. 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 report on Wednesday, November 20th. Oppenheimer restated an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. Finally, Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $158.23.

Target Trading Up 0.3 %

NYSE:TGT opened at $133.62 on Friday. The firm has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. 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 company has a fifty day moving average of $136.13 and a 200 day moving average of $145.14. Target has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $2.10 earnings per share. On average, research analysts predict that Target will post 8.6 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. Target’s dividend payout ratio is currently 47.51%.

Hedge Funds Weigh In On Target

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hedges Asset Management LLC raised its position in Target by 78.5% in the fourth quarter. Hedges Asset Management LLC now owns 7,050 shares of the retailer’s stock worth $953,000 after acquiring an additional 3,100 shares during the period. Secure Asset Management LLC raised its holdings in Target by 13.7% in the 4th quarter. Secure Asset Management LLC now owns 13,663 shares of the retailer’s stock worth $1,847,000 after purchasing an additional 1,648 shares during the period. Avior Wealth Management LLC lifted its position in Target by 8.9% during the fourth quarter. Avior Wealth Management LLC now owns 4,700 shares of the retailer’s stock valued at $635,000 after purchasing an additional 384 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings 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 purchasing an additional 135 shares during the period. Finally, Mutual Advisors LLC increased its position in Target by 46.8% in the fourth quarter. Mutual Advisors LLC now owns 31,392 shares of the retailer’s stock worth $4,183,000 after buying an additional 10,006 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.