Target (NYSE:TGT) Rating Reiterated by Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Target (NYSE:TGT) in a research note released on Thursday, Benzinga reports. The firm currently has a $195.00 price objective on the retailer’s stock.

A number of other analysts have also commented on the company. Piper Sandler initiated coverage on Target in a research note on Wednesday, July 10th. They set a neutral rating and a $156.00 price target on the stock. Roth Mkm boosted their target price on shares of Target from $153.00 to $157.00 and gave the stock a neutral rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Target from $209.00 to $190.00 and set a buy rating on the stock in a report on Thursday, May 23rd. BMO Capital Markets reduced their target price on shares of Target from $170.00 to $155.00 and set a market perform rating on the stock in a report on Thursday, May 23rd. Finally, Royal Bank of Canada boosted their target price on shares of Target from $174.00 to $177.00 and gave the stock an outperform rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $179.68.

Target Stock Down 1.1 %

TGT opened at $154.75 on Thursday. Target has a 1-year low of $102.93 and a 1-year high of $181.86. The stock’s fifty day simple moving average is $148.48 and its 200 day simple moving average is $154.85. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The stock has a market cap of $71.59 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same period in the previous year, the company earned $1.80 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts expect that Target will post 9.53 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.89%. Target’s dividend payout ratio is presently 50.28%.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Target

A number of large investors have recently added to or reduced their stakes in TGT. Little House Capital LLC purchased a new position in shares of Target in the first quarter worth about $1,041,000. Nordea Investment Management AB increased its holdings in shares of Target by 23.6% in the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after buying an additional 122,706 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Target by 11.4% in the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after buying an additional 6,690 shares during the period. Janney Capital Management LLC purchased a new position in shares of Target in the first quarter worth about $13,958,000. Finally, United Services Automobile Association increased its holdings in shares of Target by 134.6% in the fourth quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock worth $14,781,000 after buying an additional 59,553 shares during the period. Hedge funds and other 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.