Stifel Nicolaus Has Lowered Expectations for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price objective reduced by equities researchers at Stifel Nicolaus from $145.00 to $130.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 14.26% from the company’s previous close.

Several other research firms have also commented on TGT. Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and dropped their price objective for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Jefferies Financial Group decreased their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Telsey Advisory Group dropped their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $147.00.

Target Price Performance

NYSE:TGT opened at $113.78 on Wednesday. Target has a 12-month low of $112.53 and a 12-month high of $181.86. The firm has a market cap of $52.13 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company’s 50-day moving average is $132.46 and its two-hundred day moving average is $141.72. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.06% and a return on equity of 31.11%. Research analysts expect that Target will post 8.69 EPS for the current year.

Institutional Investors Weigh In On Target

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the third quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Target in the fourth quarter valued at $29,000. Bernard Wealth Management Corp. bought a new position in Target during the 4th quarter valued at $29,000. MCF Advisors LLC grew its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other 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.