Target Co. (NYSE:TGT) Receives $143.40 Consensus Target Price from Analysts

Shares of Target Co. (NYSE:TGT) have earned an average rating of “Hold” from the thirty-one ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $142.90.

Several analysts have weighed in on TGT shares. DA Davidson decreased their price objective on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Guggenheim raised their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, Piper Sandler cut their price target on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th.

Target Stock Up 1.4 %

NYSE TGT opened at $105.84 on Friday. Target has a 1-year low of $100.50 and a 1-year high of $177.23. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average is $121.12 and its two-hundred day moving average is $135.54. The company has a market capitalization of $48.22 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.94 and a beta of 1.18.

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

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGT. Townsquare Capital LLC increased its stake in Target by 24.5% during the 3rd quarter. Townsquare Capital LLC now owns 8,182 shares of the retailer’s stock worth $1,275,000 after purchasing an additional 1,612 shares in the last quarter. Cynosure Group LLC boosted its holdings in shares of Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares during the period. CreativeOne Wealth LLC increased its position in shares of Target by 31.3% during the third quarter. CreativeOne Wealth LLC now owns 5,877 shares of the retailer’s stock worth $916,000 after acquiring an additional 1,402 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Target by 1.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,885 shares of the retailer’s stock worth $31,933,000 after acquiring an additional 2,877 shares during the period. Finally, Fiduciary Trust Co lifted its position in Target by 2.1% in the 3rd quarter. Fiduciary Trust Co now owns 19,708 shares of the retailer’s stock valued at $3,072,000 after acquiring an additional 406 shares in the last quarter. 79.73% of the stock is currently owned by 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.