Target (NYSE:TGT) Price Target Raised to $210.00 at Tigress Financial

Target (NYSE:TGT) had its price objective raised by Tigress Financial from $180.00 to $210.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other equities research analysts have also issued reports on the company. Citigroup lifted their price objective on Target from $142.00 to $180.00 and gave the company a neutral rating in a research note on Wednesday, March 6th. Evercore ISI lifted their price target on Target from $180.00 to $185.00 and gave the company an in-line rating in a research report on Tuesday. BMO Capital Markets upped their price objective on shares of Target from $145.00 to $170.00 and gave the stock a market perform rating in a research report on Wednesday, March 6th. Stifel Nicolaus lifted their target price on shares of Target from $153.00 to $177.00 and gave the company a hold rating in a research report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Target from a hold rating to a buy rating and increased their price target for the stock from $149.00 to $206.00 in a report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $179.73.

Target Price Performance

Shares of NYSE TGT opened at $174.67 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. Target has a fifty-two week low of $102.93 and a fifty-two week high of $175.53. The stock has a market cap of $80.64 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13. The stock has a fifty day moving average of $153.23 and a 200-day moving average of $134.36.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.57. The firm had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. Equities research analysts anticipate that Target will post 9.39 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio is currently 49.27%.

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the sale, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Plancorp LLC boosted its position in shares of Target by 2.1% in the first quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock worth $535,000 after purchasing an additional 53 shares during the period. Larson Financial Group LLC raised its holdings in Target by 1.3% during the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after acquiring an additional 70 shares during the period. Godshalk Welsh Capital Management Inc. lifted its position in shares of Target by 0.9% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock valued at $1,158,000 after acquiring an additional 70 shares in the last quarter. Welch & Forbes LLC boosted its stake in shares of Target by 0.9% in the fourth quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock worth $1,099,000 after acquiring an additional 71 shares during the period. Finally, Beacon Financial Advisory LLC grew its position in shares of Target by 1.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

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.