Target (NYSE:TGT) Stock Rating Reaffirmed by Telsey Advisory Group

Target (NYSE:TGT)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a report issued on Thursday, Benzinga reports. They currently have a $195.00 price objective on the retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 26.01% from the company’s previous close.

TGT has been the topic of several other research reports. Evercore ISI boosted their price objective on Target from $158.00 to $160.00 and gave the company an “inline” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Jefferies Financial Group raised their price objective on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Citigroup upped their target price on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, BNP Paribas started coverage on shares of Target in a research report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.68.

Target Trading Down 1.1 %

NYSE TGT opened at $154.75 on Thursday. Target has a 12 month low of $102.93 and a 12 month high of $181.86. The stock has a market capitalization of $71.59 billion, a P/E ratio of 17.37, a PEG ratio of 1.90 and a beta of 1.24. The firm’s 50-day moving average is $148.48 and its two-hundred day moving average is $155.08. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same quarter last year, the company posted $1.80 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Target will post 9.53 earnings per share for the current year.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Target

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Triad Wealth Partners LLC acquired a new position in Target in the 2nd quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Target in the fourth quarter valued at approximately $28,000. Slocum Gordon & Co LLP purchased a new stake in shares of Target during the second quarter worth approximately $28,000. Scarborough Advisors LLC purchased a new stake in shares of Target during the fourth quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in Target in the 2nd quarter valued at $31,000. 79.73% of the stock is owned by hedge funds and other 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.