Target (NYSE:TGT) PT Raised to $185.00

Target (NYSE:TGT) had its target price upped by analysts at Evercore ISI from $180.00 to $185.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the retailer’s stock. Evercore ISI’s target price indicates a potential upside of 5.91% from the company’s current price.

Other equities analysts have also issued research reports about the company. Morgan Stanley increased their target price on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. increased their price target on shares of Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their price objective on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Oppenheimer upped their target price on shares of Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, DA Davidson boosted their price target on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.73.

Target Price Performance

Shares of TGT opened at $174.67 on Tuesday. The firm has a 50-day simple moving average of $153.23 and a two-hundred day simple moving average of $134.36. The stock has a market cap of $80.64 billion, a PE ratio of 19.56, a P/E/G ratio of 1.62 and a beta of 1.13. Target has a 1-year low of $102.93 and a 1-year high of $175.53. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The firm had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. As a group, analysts forecast that Target will post 9.39 EPS for the current year.

Insiders Place Their Bets

In other Target news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated 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 completion of the sale, 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 Securities & Exchange Commission, which is available through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by insiders.

Institutional Trading of Target

Hedge funds have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC acquired a new stake in shares of Target during the fourth quarter worth $1,722,000. Napatree Capital LLC acquired a new position in shares of Target during the fourth quarter worth about $982,000. Quadrature Capital Ltd purchased a new position in Target during the fourth quarter worth about $39,683,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Target in the fourth quarter valued at about $28,000. Finally, Leo Wealth LLC purchased a new stake in Target in the 4th quarter valued at approximately $382,000. 79.73% of the stock is 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.