Roth Mkm Cuts Target (NYSE:TGT) Price Target to $131.00

Target (NYSE:TGT) had its target price decreased by Roth Mkm from $157.00 to $131.00 in a research note published on Thursday,Benzinga reports. Roth Mkm currently has a neutral rating on the retailer’s stock.

Other equities research analysts also recently issued reports about the stock. Sanford C. Bernstein began coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. Bank of America boosted their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Stifel Nicolaus raised their price target on Target from $147.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $188.00 to $130.00 in a research note on Wednesday. Finally, StockNews.com downgraded shares of Target from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.13.

Target Stock Performance

Shares of TGT stock opened at $125.01 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $151.27 and a 200-day simple moving average of $149.61. The company has a market cap of $57.59 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. Target has a 12-month low of $120.21 and a 12-month high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 earnings per share. On average, equities analysts forecast that Target will post 9.58 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 47.51%.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $153,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Target

A number of large investors have recently modified their holdings of TGT. TAP Consulting LLC acquired a new stake in Target in the third quarter valued at approximately $2,403,000. Olstein Capital Management L.P. boosted its stake in shares of Target by 8.7% in the third quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock valued at $7,793,000 after purchasing an additional 4,000 shares during the period. Smead Capital Management Inc. grew its holdings in Target by 3.4% during the 3rd quarter. Smead Capital Management Inc. now owns 1,243,928 shares of the retailer’s stock valued at $193,879,000 after purchasing an additional 41,394 shares in the last quarter. Janus Henderson Group PLC increased its stake in Target by 20.5% during the 1st quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock worth $38,484,000 after buying an additional 36,941 shares during the period. Finally, Eagle Rock Investment Company LLC lifted its holdings in Target by 166.3% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock worth $2,522,000 after buying an additional 10,103 shares in 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.