Target Co. (NYSE:TGT) Receives $160.57 Consensus PT from Brokerages

Shares of Target Co. (NYSE:TGT) have been assigned a consensus recommendation of “Hold” from the thirty-two research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fifteen have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $160.57.

Several research analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler reduced their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Sanford C. Bernstein initiated coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th.

Target Trading Up 0.3 %

Shares of TGT stock opened at $131.92 on Thursday. The company has a market capitalization of $60.45 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.23 and a beta of 1.17. Target has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $142.44 and a 200 day moving average price of $146.50.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the business posted $2.10 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts forecast that Target will post 8.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TGT. State Street Corp grew its holdings in Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. FMR LLC boosted its holdings in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after acquiring an additional 130,691 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Target by 6.8% during the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after acquiring an additional 279,656 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Target by 11.4% in the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after purchasing an additional 440,307 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

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.