Evercore ISI Trims Target (NYSE:TGT) Target Price to $180.00

Target (NYSE:TGT) had its target price lowered by analysts at Evercore ISI from $183.00 to $180.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the retailer’s stock. Evercore ISI’s price target points to a potential upside of 9.44% from the stock’s previous close.

A number of other research firms also recently weighed in on TGT. HSBC raised Target from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $195.00 in a report on Wednesday, March 6th. Tigress Financial upped their price target on Target from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. BMO Capital Markets lifted their price objective on Target from $145.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, March 6th. Guggenheim upped their target price on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Telsey Advisory Group increased their target price on shares of Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Up 0.7 %

Shares of TGT stock opened at $164.47 on Tuesday. Target has a one year low of $102.93 and a one year high of $181.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The stock has a fifty day moving average price of $162.87 and a 200 day moving average price of $140.34. The stock has a market cap of $75.93 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.14.

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

Insider Activity at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the sale, the insider now directly 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 worth $8,819,598 over the last 90 days. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dumont & Blake Investment Advisors LLC grew its stake in shares of Target by 1.2% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,581 shares of the retailer’s stock worth $1,521,000 after purchasing an additional 105 shares during the period. Cornerstone Wealth Group LLC bought a new position in Target during the first quarter worth about $252,000. New Mexico Educational Retirement Board grew its position in shares of Target by 15.8% during the 1st quarter. New Mexico Educational Retirement Board now owns 27,816 shares of the retailer’s stock worth $4,929,000 after buying an additional 3,800 shares during the period. Founders Financial Securities LLC grew its position in shares of Target by 118.1% during the 1st quarter. Founders Financial Securities LLC now owns 9,469 shares of the retailer’s stock worth $1,678,000 after buying an additional 5,127 shares during the period. Finally, Kathleen S. Wright Associates Inc. increased its stake in shares of Target by 26.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 960 shares of the retailer’s stock valued at $170,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

About Target

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.