Target (NYSE:TGT) Given New $130.00 Price Target at Evercore ISI

Target (NYSE:TGT) had its price objective decreased by Evercore ISI from $135.00 to $130.00 in a report issued on Wednesday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the retailer’s stock.

Several other research analysts have also issued reports on TGT. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Roth Mkm dropped their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Citigroup lifted their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Telsey Advisory Group decreased their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $148.23.

Target Trading Down 0.4 %

Shares of Target stock opened at $116.70 on Wednesday. The firm has a market cap of $53.47 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.94 and a beta of 1.18. The business has a 50-day moving average price of $132.91 and a 200-day moving average price of $141.92. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target has a twelve month low of $112.53 and a twelve month high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities research analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.84%. Target’s dividend payout ratio (DPR) is currently 50.56%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Probity Advisors Inc. raised its holdings in Target by 4.3% in the 4th quarter. Probity Advisors Inc. now owns 8,711 shares of the retailer’s stock valued at $1,178,000 after acquiring an additional 360 shares during the last quarter. Copley Financial Group Inc. raised its holdings in Target by 17.8% in the 4th quarter. Copley Financial Group Inc. now owns 1,883 shares of the retailer’s stock valued at $255,000 after acquiring an additional 284 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Target in the 4th quarter valued at about $51,270,000. Azzad Asset Management Inc. ADV raised its holdings in Target by 1.8% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 48,131 shares of the retailer’s stock valued at $6,506,000 after acquiring an additional 873 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its holdings in Target by 148.2% in the 4th quarter. Jefferies Financial Group Inc. now owns 42,093 shares of the retailer’s stock valued at $5,690,000 after acquiring an additional 25,134 shares during the last quarter. 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.