Target (NYSE:TGT) Rating Reiterated by Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of Target (NYSE:TGT) in a research note published on Thursday morning, Benzinga reports. They currently have a $190.00 price objective on the retailer’s stock.

A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus upped their target price on shares of Target from $153.00 to $177.00 and gave the stock a hold rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Target from $206.00 to $209.00 in a report on Tuesday, May 21st. BMO Capital Markets lowered their target price on Target from $170.00 to $155.00 and set a market perform rating on the stock in a report on Thursday. Guggenheim upped their price target on Target from $160.00 to $190.00 and gave the company a buy rating in a research report on Wednesday, March 6th. Finally, Truist Financial reduced their price objective on Target from $160.00 to $153.00 and set a hold rating on the stock in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target presently has a consensus rating of Moderate Buy and a consensus price target of $180.41.

Target Trading Up 0.6 %

Shares of NYSE:TGT opened at $145.23 on Thursday. The firm has a market capitalization of $67.19 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. The business’s 50 day moving average price is $164.92 and its 200-day moving average price is $150.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.29. Target has a 1 year low of $102.93 and a 1 year high of $181.86.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The company had revenue of $24.14 billion for the quarter, compared to analysts’ expectations of $24.52 billion. During the same period in the prior year, the firm earned $2.05 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities research analysts forecast that Target will post 9.37 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is presently 49.38%.

Insider Buying and Selling

In other Target news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares in the company, valued at approximately $6,576,658.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 transaction, 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. Over the last ninety days, insiders have sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Target

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ables Iannone Moore & Associates Inc. acquired a new stake in Target during the 4th quarter worth $28,000. Rakuten Securities Inc. acquired a new stake in shares of Target during the fourth quarter worth about $29,000. Private Wealth Management Group LLC purchased a new stake in shares of Target in the 4th quarter valued at about $29,000. Scarborough Advisors LLC purchased a new stake in shares of Target in the 4th quarter valued at about $29,000. Finally, Godsey & Gibb Inc. boosted its position in shares of Target by 148.6% in the 1st quarter. Godsey & Gibb Inc. now owns 174 shares of the retailer’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds 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.