Target (NYSE:TGT – Get Free Report) had its target price lifted by investment analysts at Evercore ISI from $180.00 to $185.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “in-line” rating on the retailer’s stock. Evercore ISI’s price target points to a potential upside of 7.11% from the stock’s previous close.
Several other research firms have also recently commented on TGT. Deutsche Bank Aktiengesellschaft raised Target from a “hold” rating to a “buy” rating and upped their price target for the company from $149.00 to $206.00 in a report on Wednesday, March 6th. Royal Bank of Canada raised their price objective on shares of Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Oppenheimer upped their target price on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Barclays raised their target price on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Finally, BMO Capital Markets upped their price target on Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.58.
Check Out Our Latest Research Report on Target
Shares of TGT traded up $0.06 during trading hours on Tuesday, hitting $172.72. 3,512,942 shares of the company were exchanged, compared to its average volume of 3,938,676. The firm’s 50 day moving average is $152.60 and its 200-day moving average is $134.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. Target has a 52 week low of $102.93 and a 52 week high of $175.53. The company has a market cap of $79.74 billion, a PE ratio of 19.34, a PEG ratio of 1.58 and a beta of 1.13.
Target (NYSE:TGT – Get Free Report) last released its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The business’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Target will post 9.39 EPS for the current fiscal year.
In other Target news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock worth $8,819,598 in the last quarter. Company insiders own 0.23% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Tower View Wealth Management LLC lifted its stake in Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares during the period. Quarry LP increased its holdings in Target by 100.0% during the fourth quarter. Quarry LP now owns 192 shares of the retailer’s stock valued at $27,000 after buying an additional 96 shares during the period. Sittner & Nelson LLC lifted its holdings in Target by 150.6% during the second quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock worth $28,000 after buying an additional 128 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in Target during the 4th quarter valued at $28,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Target in the 4th quarter valued at $29,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than Target
- What is a Dividend King?
- 3 Stocks With Unusual Call Option Activity
- Stock Splits, Do They Really Impact Investors?
- Trump Media & Technology Group Soars on Market Debut
- What Investors Need to Know to Beat the Market
- 3 Stocks Insiders Are Buying That Analysts Love
Before you consider Target, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Target wasn’t on the list.
While Target currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You’d need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
345 N Reid Place, Suite 620, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© MarketBeat Media, LLC® 2010-2024. All rights reserved.
© 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
My Account –