Target (NYSE:TGT) Now Covered by Analysts at Deutsche Bank

Investment analysts at Deutsche Bank started coverage on shares of Target (NYSE:TGT) in a research note issued on Monday, TipRanks reports. The firm set a “hold” rating and a $85.00 price target on the retailer’s stock. Deutsche Bank’s price objective suggests a potential downside of 3.17% from the stock’s previous close.

A number of other brokerages also recently weighed in on TGT. Credit Suisse Group raised shares of Vipshop from an “underperform” rating to a “neutral” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. cut their price target on shares of National Grid from GBX 1,000 ($13.07) to GBX 960 ($12.54) and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Morgan Stanley boosted their price objective on United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Citigroup cut Barrick Gold to a “neutral” rating in a research note on Thursday, May 23rd. Finally, Evercore ISI initiated coverage on Polarityte in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $89.88.

Shares of NYSE:TGT traded down $0.53 during midday trading on Monday, reaching $87.78. The company had a trading volume of 221,846 shares, compared to its average volume of 3,885,441. The stock has a 50 day simple moving average of $86.31. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.19 and a current ratio of 0.88. The stock has a market capitalization of $44.71 billion, a PE ratio of 16.30, a P/E/G ratio of 2.07 and a beta of 0.60. Target has a 52-week low of $60.15 and a 52-week high of $90.39.



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

In related news, insider Janna A. Potts sold 8,759 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $79.00, for a total value of $691,961.00. Following the transaction, the insider now directly owns 27,720 shares in the company, valued at $2,189,880. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 4,163 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $89.00, for a total transaction of $370,507.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,180 shares of company stock worth $2,854,650. Company insiders own 0.19% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. boosted its stake in Target by 0.3% in the second quarter. First Citizens Bank & Trust Co. now owns 38,132 shares of the retailer’s stock worth $3,302,000 after buying an additional 115 shares in the last quarter. First Command Bank boosted its stake in Target by 17.7% in the first quarter. First Command Bank now owns 904 shares of the retailer’s stock worth $73,000 after buying an additional 136 shares in the last quarter. M Holdings Securities Inc. boosted its stake in Target by 3.7% in the first quarter. M Holdings Securities Inc. now owns 3,812 shares of the retailer’s stock worth $306,000 after buying an additional 136 shares in the last quarter. Horrell Capital Management Inc. boosted its stake in Target by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 31,167 shares of the retailer’s stock worth $2,501,000 after buying an additional 138 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Target by 62.2% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock worth $29,000 after buying an additional 140 shares in the last quarter. Institutional investors own 83.37% 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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