Target (NYSE:TGT) Receives Outperform Rating from Telsey Advisory Group

Target (NYSE:TGT)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $195.00 price objective on the retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 25.81% from the company’s previous close.

A number of other equities analysts also recently commented on TGT. Stifel Nicolaus lifted their price objective on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Oppenheimer dropped their price objective on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. TD Cowen lifted their target price on Target from $165.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Evercore ISI cut their price target on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group upped their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Target presently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Down 0.4 %

Shares of NYSE TGT traded down $0.66 during midday trading on Wednesday, reaching $154.99. 3,622,499 shares of the company’s stock were exchanged, compared to its average volume of 3,932,710. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target has a 52-week low of $108.08 and a 52-week high of $181.86. The business’s fifty day moving average price is $152.46 and its two-hundred day moving average price is $150.49. The stock has a market capitalization of $71.40 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same period last year, the business earned $1.80 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts forecast that Target will post 9.54 EPS for the current year.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by company insiders.

Institutional Trading of Target

A number of hedge funds and other institutional investors have recently modified their holdings of TGT. Shum Financial Group Inc. bought a new position in Target during the third quarter worth about $760,000. Brooklyn Investment Group boosted its holdings in Target by 16.2% in the 3rd quarter. Brooklyn Investment Group now owns 2,665 shares of the retailer’s stock valued at $415,000 after purchasing an additional 372 shares during the period. D.A. Davidson & CO. grew its position in Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares in the last quarter. FMR LLC grew its position in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its stake in Target by 2.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock worth $483,000 after acquiring an additional 76 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.