Target (NYSE:TGT) Price Target Raised to $142.00

Target (NYSE:TGT) had its target price increased by Sanford C. Bernstein from $139.00 to $142.00 in a research note published on Tuesday morning,Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the retailer’s stock.

Several other analysts have also commented on the stock. Bank of America lowered their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. BMO Capital Markets lowered their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. TD Cowen lowered their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $157.70.

Target Stock Up 0.2 %

Shares of NYSE:TGT opened at $140.37 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $64.32 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. Target has a 12-month low of $120.21 and a 12-month high of $181.86. The stock’s 50-day moving average price is $134.17 and its 200-day moving average price is $144.61.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 earnings per share. On average, equities analysts anticipate that Target will post 8.68 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Institutional Trading of Target

Hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter worth $28,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. MCF Advisors LLC raised its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors 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.