Target’s (TGT) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Target (NYSE:TGT) in a research note issued to investors on Friday,Benzinga reports. They currently have a $150.00 price objective on the retailer’s stock. Telsey Advisory Group also issued estimates for Target’s FY2027 earnings at $10.19 EPS.

Other research analysts have also issued reports about the company. Evercore ISI cut their target price on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. Melius Research began coverage on shares of Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft cut shares of 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 research note on Wednesday, November 20th. Finally, Citigroup lowered Target from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $158.23.

Target Stock Performance

NYSE TGT opened at $133.62 on Friday. The company’s fifty day moving average is $136.13 and its two-hundred day moving average is $145.14. Target has a 52-week low of $120.21 and a 52-week high of $181.86. 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 firm has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $2.10 earnings per share. Equities research analysts forecast that Target will post 8.6 EPS for the current year.

Target Announces Dividend

The firm also recently announced 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 of this dividend 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 presently 47.51%.

Institutional Investors Weigh In On Target

Institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after acquiring an additional 490 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after purchasing an additional 9,510 shares during the period. Prana Capital Management LP boosted its position in shares of Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Leibman Financial Services Inc. acquired a new stake in shares of Target during the fourth quarter worth $2,272,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in Target in the third quarter valued at about $967,000. 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.