Shares of Target Corporation (NYSE:TGT) have received a consensus recommendation of “Hold” from the twenty-nine analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $63.09.
Several brokerages recently commented on TGT. Vetr upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $59.66 target price on the stock in a report on Monday, June 19th. BidaskClub upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price on shares of Target Corporation in a report on Friday, July 14th. MKM Partners lifted their target price on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $64.00 target price on shares of Target Corporation in a report on Friday, July 14th.
Shares of Target Corporation (NYSE:TGT) traded up 2.69% during mid-day trading on Wednesday, reaching $59.15. 11,676,598 shares of the company were exchanged. The firm’s 50-day moving average is $57.67 and its 200-day moving average is $55.45. The company has a market capitalization of $32.31 billion, a price-to-earnings ratio of 11.95 and a beta of 0.62. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33.
Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. The business had revenue of $16.43 billion for the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Target Corporation’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. On average, equities analysts forecast that Target Corporation will post $4.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.19%. Target Corporation’s dividend payout ratio (DPR) is currently 50.00%.
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In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TGT. Parallel Advisors LLC lifted its holdings in Target Corporation by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Target Corporation by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after purchasing an additional 204 shares during the last quarter. Davidson Investment Advisors lifted its holdings in Target Corporation by 18.5% during the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after purchasing an additional 400 shares during the last quarter. Kistler Tiffany Companies LLC lifted its holdings in Target Corporation by 19.1% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after purchasing an additional 445 shares during the last quarter. Finally, Sandy Spring Bank lifted its holdings in Target Corporation by 6.7% during the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after purchasing an additional 185 shares during the last quarter. 83.23% of the stock is owned by hedge funds and other institutional investors.
About Target Corporation
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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