MKM Partners set a $93.00 price target on Target (NYSE:TGT) in a research report sent to investors on Friday, Marketbeat.com reports. The brokerage currently has a buy rating on the retailer’s stock.
Other equities analysts also recently issued research reports about the company. TheStreet upgraded Target from a c+ rating to a b rating in a research note on Thursday, September 28th. Vetr downgraded Target from a strong-buy rating to a buy rating and set a $64.00 price objective on the stock. in a research note on Monday, November 20th. Zacks Investment Research upgraded Target from a hold rating to a buy rating and set a $63.00 price objective on the stock in a research note on Tuesday, October 10th. ValuEngine upgraded Target from a hold rating to a buy rating in a research note on Friday, December 1st. Finally, Sanford C. Bernstein set a $65.00 price objective on Target and gave the company a buy rating in a research note on Thursday, December 14th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $66.15.
Target (NYSE TGT) traded up $2.80 during mid-day trading on Friday, hitting $76.80. The stock had a trading volume of 14,842,440 shares, compared to its average volume of 10,194,956. The company has a market capitalization of $41,750.00, a price-to-earnings ratio of 16.13, a PEG ratio of 4.87 and a beta of 0.63. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target has a 52 week low of $48.56 and a 52 week high of $77.00.
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.23%. Target’s dividend payout ratio is currently 52.10%.
In other Target news, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Heritage Trust Co increased its stake in Target by 129.7% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after acquiring an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC increased its stake in Target by 2,200.0% in the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after acquiring an additional 1,826 shares during the last quarter. Parallel Advisors LLC increased its stake in Target by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after acquiring an additional 399 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Target by 109.8% in the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Sandy Spring Bank increased its stake in Target by 6.7% in the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.
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Target 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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