Target (NYSE:TGT) Given a $115.00 Price Target at Robert W. Baird

Robert W. Baird set a $115.00 price target on Target (NYSE:TGT) in a research note released on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the retailer’s stock.

TGT has been the subject of several other research reports. Bank of America boosted their price target on shares of Target from $105.00 to $125.00 and gave the stock a buy rating in a report on Thursday. KeyCorp boosted their price target on shares of Target from $110.00 to $120.00 and gave the stock an overweight rating in a report on Thursday. Credit Suisse Group set a $90.00 price target on shares of Target and gave the stock a buy rating in a report on Thursday, May 23rd. Goldman Sachs Group initiated coverage on shares of Target in a report on Thursday, July 11th. They issued a buy rating and a $102.00 price target for the company. Finally, Deutsche Bank raised shares of Target from a hold rating to a buy rating and boosted their price target for the stock from $85.00 to $99.00 in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Target has a consensus rating of Buy and an average price target of $101.92.

Shares of NYSE TGT opened at $104.39 on Wednesday. The firm has a market cap of $43.82 billion, a PE ratio of 19.37, a PEG ratio of 2.04 and a beta of 0.61. The firm has a fifty day moving average of $86.54 and a 200 day moving average of $80.74. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.19 and a current ratio of 0.88. Target has a one year low of $60.15 and a one year high of $106.52.



Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $1.82 EPS for the quarter, topping the consensus estimate of $1.61 by $0.21. The company had revenue of $18.42 billion during the quarter, compared to analyst estimates of $18.32 billion. Target had a net margin of 3.96% and a return on equity of 26.48%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. On average, equities analysts predict that Target will post 5.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Target’s previous quarterly dividend of $0.64. Target’s dividend payout ratio is currently 48.98%.

In other Target news, insider Stephanie A. Lundquist sold 8,367 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 4,163 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were 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. Insiders sold 24,421 shares of company stock valued at $2,162,689 in the last three months. 0.24% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Carnick & Kubik Group LLC lifted its position in Target by 23.0% in the second quarter. Carnick & Kubik Group LLC now owns 60,816 shares of the retailer’s stock valued at $5,268,000 after buying an additional 11,376 shares during the last quarter. Breiter Capital Management Inc. lifted its position in Target by 4.0% in the second quarter. Breiter Capital Management Inc. now owns 6,348 shares of the retailer’s stock valued at $483,000 after buying an additional 245 shares during the last quarter. Murphy Pohlad Asset Management LLC lifted its position in Target by 3.1% in the first quarter. Murphy Pohlad Asset Management LLC now owns 54,688 shares of the retailer’s stock valued at $4,389,000 after buying an additional 1,645 shares during the last quarter. Goelzer Investment Management Inc. lifted its position in Target by 1.3% in the second quarter. Goelzer Investment Management Inc. now owns 86,320 shares of the retailer’s stock valued at $7,476,000 after buying an additional 1,104 shares during the last quarter. Finally, Azimuth Capital Management LLC lifted its position in Target by 2.2% in the first quarter. Azimuth Capital Management LLC now owns 75,296 shares of the retailer’s stock valued at $6,043,000 after buying an additional 1,625 shares during the last quarter. 82.12% of the stock is currently owned by institutional investors.

About Target

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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