Target (NYSE:TGT) Price Target Raised to $134.00

Target (NYSE:TGT) had its price target boosted by Truist Financial from $129.00 to $134.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a hold rating on the retailer’s stock.

TGT has been the topic of a number of other research reports. Piper Sandler cut their price objective on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their price target for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Roth Mkm lowered their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $158.23.

Target Trading Up 0.3 %

NYSE TGT opened at $133.62 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. The firm’s 50-day moving average is $136.13 and its two-hundred day moving average is $145.14. Target has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the firm earned $2.10 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Target will post 8.6 earnings per share for the current year.

Target Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC boosted its holdings in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new position in Target during the third quarter worth about $38,000. Finally, MCF Advisors LLC lifted its position in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds 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.