Target (NYSE:TGT) Price Target Raised to $115.00

Target (NYSE:TGT) had its target price raised by research analysts at JPMorgan Chase & Co. from $100.00 to $115.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 0.20% from the stock’s current price.

A number of other research firms have also recently weighed in on TGT. Telsey Advisory Group restated a “market perform” rating and set a $110.00 target price on shares of Target in a research note on Wednesday, February 11th. Royal Bank Of Canada decreased their price target on Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Guggenheim upped their price objective on Target from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. UBS Group reiterated a “buy” rating and set a $130.00 target price on shares of Target in a research report on Monday. Finally, Evercore set a $105.00 price target on Target in a research note on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $105.93.

Target Stock Performance

Target stock traded down $1.67 during midday trading on Thursday, hitting $114.77. The stock had a trading volume of 5,923,955 shares, compared to its average volume of 6,375,993. Target has a 52-week low of $83.44 and a 52-week high of $127.06. The company has a market capitalization of $51.97 billion, a PE ratio of 13.93, a P/E/G ratio of 11.81 and a beta of 1.14. The firm’s fifty day moving average is $107.11 and its two-hundred day moving average is $97.64. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGT. CWM LLC grew its position in shares of Target by 41.5% in 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 last quarter. Twelve Points Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter worth $1,236,000. NewSquare Capital LLC grew its stake in Target by 122.5% during the 2nd quarter. NewSquare Capital LLC now owns 41,719 shares of the retailer’s stock worth $4,086,000 after buying an additional 22,968 shares during the last quarter. QVR LLC purchased a new position in Target during the 2nd quarter worth $11,014,000. Finally, LJI Wealth Management LLC increased its position in Target by 446.4% during the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after buying an additional 19,474 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

About Target

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.