Oppenheimer Has Lowered Expectations for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price target cut by research analysts at Oppenheimer from $165.00 to $150.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price target would suggest a potential upside of 29.71% from the company’s previous close.

TGT has been the subject of a number of other reports. Telsey Advisory Group reduced their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday. DA Davidson decreased their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday. Sanford C. Bernstein upped their price objective on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Evercore ISI dropped their target price on shares of Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $147.73.

Target Stock Down 0.8 %

Shares of Target stock traded down $0.92 during trading on Thursday, reaching $115.64. The company had a trading volume of 1,262,507 shares, compared to its average volume of 5,780,284. The firm’s fifty day moving average is $132.91 and its 200-day moving average is $141.92. Target has a fifty-two week low of $112.53 and a fifty-two week high of $181.86. The company has a market cap of $52.99 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. 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 Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, analysts anticipate that Target will post 8.69 EPS for the current year.

Hedge Funds Weigh In On Target

Large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its holdings in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares during the period. Northeast Financial Group Inc. acquired a new position in shares of Target in the 4th quarter valued at $1,566,000. D.A. Davidson & CO. increased its position in shares of Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after buying an additional 9,510 shares in the last quarter. Finally, LMG Wealth Partners LLC bought a new position in Target during the fourth quarter worth about $1,438,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.