Oppenheimer Issues Pessimistic Forecast for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its target price reduced by stock analysts at Oppenheimer from $165.00 to $150.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price objective points to a potential upside of 30.31% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Guggenheim boosted their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. TD Cowen decreased their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus decreased their target price on shares of Target from $145.00 to $130.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Citigroup decreased their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target has an average rating of “Hold” and an average target price of $147.00.

Target Stock Performance

Shares of TGT stock opened at $115.11 on Thursday. Target has a one year low of $112.10 and a one year high of $181.86. 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 company has a 50 day moving average price of $132.05 and a 200 day moving average price of $141.51. The firm has a market capitalization of $52.74 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Sell-side analysts anticipate that Target will post 8.69 EPS for the current year.

Institutional Trading of Target

A number of large investors have recently modified their holdings of TGT. Cynosure Group LLC grew its position in Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its position in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after purchasing an additional 73 shares in the last quarter. Proffitt & Goodson Inc. boosted its holdings in shares of Target by 2.2% in the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after buying an additional 73 shares during the period. Finally, Kathmere Capital Management LLC boosted its holdings in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after buying an additional 73 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.