Brokerages Set Target Corporation (NYSE:TGT) Price Target at $109.00

Target Corporation (NYSE:TGT) has received a consensus rating of “Hold” from the thirty-nine ratings firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, twenty-five have assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $108.7097.

Several analysts recently issued reports on TGT shares. Guggenheim reissued a “buy” rating and set a $115.00 target price on shares of Target in a research note on Monday, October 27th. Royal Bank Of Canada increased their price objective on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. UBS Group cut their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Finally, Zacks Research downgraded shares of Target from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th.

Hedge Funds Weigh In On Target

Several institutional investors have recently added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new position in shares of Target during the 2nd quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its position in Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the last quarter. Kozak & Associates Inc. raised its stake in Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in Target during the third quarter valued at $27,000. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Target in the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 0.7%

Shares of TGT stock opened at $89.96 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target has a one year low of $85.36 and a one year high of $158.42. The company’s fifty day moving average price is $90.54 and its 200-day moving average price is $96.20. The company has a market capitalization of $40.88 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 2.74 and a beta of 1.19.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the prior year, the business posted $2.57 EPS. Target’s revenue for the quarter was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts expect that Target will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is presently 53.15%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.