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

Shares of Target Co. (NYSE:TGT) have been given an average rating of “Hold” by the thirty-two analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $158.23.

A number of brokerages have issued reports on TGT. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Stifel Nicolaus boosted their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and reduced their target price for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Target in a research note on Friday. Finally, Piper Sandler reduced their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st.

Hedge Funds Weigh In On Target

A number of hedge funds have recently modified their holdings of the business. Cynosure Group LLC grew its holdings in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the period. Financial Advocates Investment Management boosted its holdings in Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after acquiring an additional 67 shares during the period. Hancock Whitney Corp boosted its holdings in Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares during the period. Trust Co. of Vermont boosted its holdings in Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after acquiring an additional 69 shares during the period. Finally, Eagle Bluffs Wealth Management LLC boosted its holdings in Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Up 0.3 %

Shares of NYSE:TGT opened at $133.62 on Monday. Target has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market capitalization of $61.22 billion, a PE ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. The business has a 50 day moving average of $136.45 and a two-hundred day moving average of $145.23. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

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

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

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.