Target Corporation (TGT) Given New $62.00 Price Target at Stifel Nicolaus

Target Corporation (NYSE:TGT) had its target price trimmed by Stifel Nicolaus from $65.00 to $62.00 in a research report sent to investors on Thursday morning. The firm currently has a hold rating on the retailer’s stock.

Other equities analysts have also recently issued research reports about the stock. Vetr cut shares of Target Corporation from a strong-buy rating to a buy rating and set a $60.28 price objective for the company. in a research note on Thursday, July 20th. BMO Capital Markets restated a market perform rating and issued a $67.00 price objective (up previously from $62.00) on shares of Target Corporation in a research note on Friday, August 18th. Telsey Advisory Group dropped their price objective on shares of Target Corporation from $60.00 to $58.00 and set an outperform rating for the company in a research note on Thursday. Zacks Investment Research cut shares of Target Corporation from a buy rating to a hold rating in a research note on Monday, October 23rd. Finally, BidaskClub upgraded shares of Target Corporation from a hold rating to a buy rating in a research note on Sunday, August 6th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $63.40.

Target Corporation (NYSE TGT) traded up $3.04 during trading hours on Thursday, reaching $58.14. 16,715,792 shares of the company traded hands, compared to its average volume of 7,362,166. Target Corporation has a 1 year low of $48.56 and a 1 year high of $79.33. The firm has a market cap of $30,100.00, a PE ratio of 12.19, a P/E/G ratio of 5.38 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98.

Target Corporation (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The company had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business’s revenue was up 1.4% on a year-over-year basis. research analysts forecast that Target Corporation will post 4.53 EPS for the current fiscal year.

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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 paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is presently 52.10%.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Smith Shellnut Wilson LLC ADV acquired a new stake in shares of Target Corporation in the 3rd quarter valued at approximately $259,000. Gyroscope Capital Management Group LLC acquired a new stake in shares of Target Corporation in the 3rd quarter valued at approximately $527,000. Belpointe Asset Management LLC acquired a new stake in shares of Target Corporation in the 3rd quarter valued at approximately $577,000. Stonebridge Capital Advisors LLC raised its position in shares of Target Corporation by 5.1% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 39,449 shares of the retailer’s stock valued at $2,328,000 after acquiring an additional 1,920 shares during the period. Finally, Piedmont Investment Advisors LLC raised its position in shares of Target Corporation by 29.6% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 182,709 shares of the retailer’s stock valued at $10,782,000 after acquiring an additional 41,754 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Target Corporation Company Profile

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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