Recent Investment Analysts’ Ratings Updates for Target Corporation (TGT)

A number of research firms have changed their ratings and price targets for Target Corporation (NYSE: TGT):

  • 7/17/2017 – Target Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $60.06 price target on the stock.
  • 7/14/2017 – Target Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $58.97 price target on the stock.
  • 7/14/2017 – Target Corporation had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $64.00 price target on the stock.
  • 7/14/2017 – Target Corporation had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $55.00 price target on the stock.
  • 7/14/2017 – Target Corporation had its price target raised by analysts at BMO Capital Markets from $60.00 to $62.00. They now have a “market perform” rating on the stock.
  • 6/21/2017 – Target Corporation was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $56.00 price target on the stock, up previously from $51.00.
  • 6/20/2017 – Target Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/20/2017 – Target Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $59.00 price target on the stock.
  • 6/20/2017 – Target Corporation had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $56.00 price target on the stock, down previously from $60.00.
  • 6/19/2017 – Target Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $59.66 price target on the stock.
  • 6/13/2017 – Target Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/12/2017 – Target Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $59.66 price target on the stock.
  • 6/6/2017 – Target Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “Target commenced fiscal 2017 on a high note with both top and bottom lines surpassing expectations. Better-than-expected results provided much needed impetus to the stock that came under pressure after dismal performance in the final quarter of fiscal 2016. The quarter did witness a sluggish start but it gradually picked up in the later part. We believe that the initiatives such as the development of omni-channel capacities, diversification and localization of assortments along with emphasis on flexible format stores, bode well. However, waning top and bottom lines continue to remain a concern. Moreover, management now expects low single digit decline in comparable sales during the second quarter and fiscal 2017. Further, it now envisions fiscal 2017 adjusted earnings to come ahead of the midpoint of the previous guidance range but still down from the prior year.”
  • 6/2/2017 – Target Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/19/2017 – Target Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $59.00 price target on the stock, up previously from $56.00.
  • 5/19/2017 – Target Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $59.00 price target on the stock, up previously from $55.00.
  • 5/18/2017 – Target Corporation had its price target raised by analysts at Telsey Advisory Group from $58.00 to $60.00. They now have a “market perform” rating on the stock.

Shares of Target Corporation (NYSE TGT) traded up 0.94% during trading on Monday, reaching $53.73. 12,487,926 shares of the company’s stock traded hands. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The company has a market capitalization of $29.64 billion, a price-to-earnings ratio of 11.01 and a beta of 0.60. The stock has a 50-day moving average of $54.35 and a 200-day moving average of $60.17.

Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.30. The business had revenue of $16.02 billion during the quarter, compared to the consensus estimate of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. On average, equities analysts predict that Target Corporation will post $4.36 EPS for the current fiscal year.

The business also recently disclosed 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 represents a $2.48 dividend on an annualized basis and a yield of 4.62%. This is an increase from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 14th. Target Corporation’s dividend payout ratio is 48.98%.

In other news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

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.

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