Target Co. (NYSE:TGT) Receives $162.13 Consensus PT from Brokerages

Target Co. (NYSE:TGT) has received a consensus rating of “Hold” from the thirty-two ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $160.30.

A number of research firms have issued reports on TGT. Truist Financial lifted their price objective on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. TD Cowen decreased their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Royal Bank of Canada lifted their price objective on shares of Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Evercore ISI dropped their price target on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st.

Target Price Performance

TGT stock opened at $130.09 on Friday. The company has a market capitalization of $59.93 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. The company’s fifty day moving average price is $149.31 and its 200-day moving average price is $148.78. Target has a one year low of $120.21 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.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Target will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Insider Buying and Selling at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Target

Large investors have recently bought and sold shares of the business. Cynosure Group LLC raised its position in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares in the last quarter. Financial Advocates Investment Management raised its holdings in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after purchasing an additional 67 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares during the last quarter. Beacon Capital Management LLC boosted its holdings in shares of Target by 20.8% in the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after buying an additional 69 shares in the last quarter. Finally, Integral Investment Advisors Inc. grew its position in shares of Target by 5.3% in the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after buying an additional 69 shares during the last quarter. Institutional investors 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.