Several brokerages have issued reports on TGT. BidaskClub upgraded Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Vetr cut Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price objective on the stock. in a research note on Thursday, July 20th. Cowen and Company restated a “market perform” rating and set a $64.00 price objective on shares of Target Corporation in a research note on Friday, July 14th. BMO Capital Markets upped their price objective on Target Corporation from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Finally, Robert W. Baird restated a “neutral” rating and set a $55.00 price objective on shares of Target Corporation in a research note on Friday, July 14th.
Shares of Target Corporation (NYSE:TGT) have been assigned an average rating of “Hold” from the thirty-three research firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $62.01.
In other news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Tompkins Financial Corp raised its stake in Target Corporation by 84.0% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer’s stock valued at $141,000 after buying an additional 781 shares in the last quarter. Cribstone Capital Management LLC raised its stake in Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares in the last quarter. Pinnacle Bank bought a new stake in Target Corporation during the first quarter valued at $123,000. Finally, Peoples Financial Services CORP. raised its stake in Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.
Shares of Target Corporation (NYSE TGT) traded down 0.11% during midday trading on Monday, hitting $56.80. The stock had a trading volume of 3,677,123 shares. The company has a market cap of $31.34 billion, a P/E ratio of 11.64 and a beta of 0.61. The stock has a 50 day moving average of $53.26 and a 200-day moving average of $56.79. Target Corporation has a one year low of $48.56 and a one year high of $79.33.
Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.30. The firm had revenue of $16.02 billion during the quarter, compared to the consensus estimate of $15.63 billion. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. Target Corporation’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 earnings per share. Analysts forecast that Target Corporation will post $4.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.62 per share. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Monday, August 14th. Target Corporation’s dividend payout ratio (DPR) is presently 48.98%.
Target Corporation Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.