Analysts Set Target Corporation (NYSE:TGT) Target Price at $103.03

Shares of Target Corporation (NYSE:TGT) have been given a consensus rating of “Hold” by the thirty-four ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $103.0345.

Several brokerages recently commented on TGT. Argus reduced their target price on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a report on Monday, December 1st. Evercore ISI cut their price objective on shares of Target from $100.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on Target in a report on Thursday, January 8th. Bank of America decreased their target price on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research report on Thursday, November 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a report on Wednesday.

Hedge Funds Weigh In On Target

Several institutional investors and hedge funds have recently modified their holdings of the business. LBP AM SA bought a new stake in Target in the second quarter valued at $5,427,000. Precedent Wealth Partners LLC grew its stake in shares of Target by 27.7% in the 2nd quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock valued at $1,303,000 after buying an additional 2,869 shares during the period. Mattern Capital Management LLC grew its stake in shares of Target by 7.6% in the 2nd quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after buying an additional 5,573 shares during the period. Northern Financial Advisors Inc bought a new stake in Target in the 2nd quarter valued at about $370,000. Finally, CWM LLC raised its stake in Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after buying an additional 11,378 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 1.4%

TGT stock opened at $108.04 on Friday. Target has a 1-year low of $83.44 and a 1-year high of $145.08. The business’s 50 day simple moving average is $97.63 and its 200 day simple moving average is $96.29. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $48.92 billion, a PE ratio of 13.11, a PEG ratio of 11.76 and a beta of 1.12.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter last year, the firm posted $1.85 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, research analysts anticipate that Target will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.2%. Target’s dividend payout ratio (DPR) is currently 55.34%.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.