Target (NYSE:TGT) Now Covered by Goldman Sachs Group

Analysts at Goldman Sachs Group assumed coverage on shares of Target (NYSE:TGT) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $102.00 price target on the retailer’s stock. Goldman Sachs Group’s price objective would suggest a potential upside of 16.53% from the company’s current price.

Several other brokerages have also recently issued reports on TGT. Morgan Stanley upped their target price on shares of United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Citigroup cut shares of Barrick Gold to a “neutral” rating in a report on Thursday, May 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $64.00 target price (up previously from $58.00) on shares of Las Vegas Sands in a report on Thursday, April 18th. Bank of America set a $30.00 target price on shares of L Brands and gave the company a “hold” rating in a report on Thursday, May 23rd. Finally, Gordon Haskett upgraded shares of Darden Restaurants from an “underperform” rating to a “hold” rating in a report on Thursday, March 21st. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $89.83.

NYSE TGT opened at $87.53 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.88 and a debt-to-equity ratio of 1.21. Target has a 52 week low of $60.15 and a 52 week high of $90.39. The firm has a market cap of $43.98 billion, a PE ratio of 16.24, a PEG ratio of 2.05 and a beta of 0.60. The business’s 50 day moving average price is $85.82.



Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, topping the consensus estimate of $1.43 by $0.10. Target had a net margin of 3.96% and a return on equity of 26.48%. The company had revenue of $17.63 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the previous year, the business posted $1.32 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that Target will post 5.92 earnings per share for the current year.

In related news, insider Stephanie A. Lundquist sold 8,367 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $88.01, for a total value of $736,379.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Janna A. Potts sold 8,759 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $79.00, for a total transaction of $691,961.00. Following the completion of the sale, the insider now owns 27,720 shares of the company’s stock, valued at approximately $2,189,880. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,180 shares of company stock valued at $2,854,650. 0.19% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Comerica Securities Inc. boosted its position in Target by 12.9% during the 4th quarter. Comerica Securities Inc. now owns 8,930 shares of the retailer’s stock valued at $590,000 after acquiring an additional 1,020 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Target by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,488,895 shares of the retailer’s stock valued at $296,639,000 after purchasing an additional 406,974 shares during the last quarter. Magnus Financial Group LLC purchased a new position in shares of Target during the fourth quarter valued at approximately $208,000. Epoch Investment Partners Inc. lifted its holdings in shares of Target by 18.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 203,554 shares of the retailer’s stock valued at $13,452,000 after purchasing an additional 32,234 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Target by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 6,980,549 shares of the retailer’s stock valued at $460,727,000 after purchasing an additional 381,831 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

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Analyst Recommendations for Target (NYSE:TGT)

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