Target Co. (NYSE:TGT) Given Consensus Recommendation of “Hold” by Analysts

Target Co. (NYSE:TGT) has received an average recommendation of “Hold” from the thirty-one ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $143.40.

A number of research analysts recently issued reports on TGT shares. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Truist Financial reduced their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Evercore ISI dropped their price objective on shares of Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a report on Wednesday, March 5th. Telsey Advisory Group reduced their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Finally, Guggenheim raised their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd.

Hedge Funds Weigh In On Target

A number of hedge funds and other institutional investors have recently modified their holdings of TGT. State Street Corp boosted its holdings in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the period. Capital World Investors raised its holdings in shares of Target by 6.3% during the fourth quarter. Capital World Investors now owns 21,930,569 shares of the retailer’s stock valued at $2,964,565,000 after acquiring an additional 1,306,552 shares during the period. FMR LLC lifted its position in shares of Target by 13.6% in the 4th quarter. FMR LLC now owns 11,338,729 shares of the retailer’s stock valued at $1,532,769,000 after acquiring an additional 1,358,348 shares in the last quarter. Geode Capital Management LLC boosted its stake in Target by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer’s stock worth $1,332,317,000 after purchasing an additional 470,990 shares during the period. Finally, Norges Bank purchased a new position in Target during the 4th quarter worth approximately $757,892,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 2.7 %

TGT stock opened at $103.63 on Friday. The firm has a market cap of $47.21 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.94 and a beta of 1.18. Target has a 1-year low of $101.76 and a 1-year high of $181.86. The firm has a fifty day moving average price of $122.96 and a two-hundred day moving average price of $136.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Research analysts predict that Target will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is 50.56%.

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.