Target (NYSE:TGT) Stock Rating Lowered by Gordon Haskett

Target (NYSE:TGT) was downgraded by research analysts at Gordon Haskett from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

Several other equities research analysts have also issued reports on TGT. Piper Sandler decreased their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Bank of America decreased their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. BMO Capital Markets decreased their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Finally, Wells Fargo & Company decreased their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Target has a consensus rating of “Hold” and an average price target of $157.70.

Target Price Performance

Shares of NYSE TGT opened at $127.86 on Thursday. Target has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm’s 50-day simple moving average is $135.20 and its 200 day simple moving average is $143.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market cap of $58.58 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the business earned $2.10 EPS. Target’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Trading of Target

A number of hedge funds have recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in Target in the third quarter worth $28,000. Bernard Wealth Management Corp. bought a new stake in Target in the fourth quarter worth $30,000. Hopwood Financial Services Inc. bought a new stake in Target in the fourth quarter worth $29,000. Wolff Wiese Magana LLC lifted its stake in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Target in the third quarter worth $36,000. 79.73% of the stock is owned by institutional investors.

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.