Investment Analysts’ Recent Ratings Changes for Target (TGT)

A number of research firms have changed their ratings and price targets for Target (NYSE: TGT):

• 4/16/2024 – Target had its price target lowered by analysts at Evercore ISI from $183.00 to $180.00. They now have an “in-line” rating on the stock.
• 4/4/2024 – Target had its price target raised by analysts at Gordon Haskett from $200.00 to $220.00. They now have a “buy” rating on the stock.
• 4/1/2024 – Target had its price target raised by analysts at Jefferies Financial Group Inc. from $195.00 to $205.00. They now have a “buy” rating on the stock.
• 3/27/2024 – Target had its price target raised by analysts at Tigress Financial from $180.00 to $210.00. They now have a “buy” rating on the stock.
• 3/26/2024 – Target had its price target raised by analysts at Evercore ISI from $180.00 to $185.00. They now have an “in-line” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Morgan Stanley from $165.00 to $190.00. They now have an “overweight” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Wells Fargo & Company from $165.00 to $190.00. They now have an “overweight” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Royal Bank of Canada from $157.00 to $191.00. They now have an “outperform” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Telsey Advisory Group from $160.00 to $195.00. They now have an “outperform” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Roth Mkm from $140.00 to $153.00. They now have a “neutral” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Citigroup Inc. from $142.00 to $180.00. They now have a “neutral” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at BMO Capital Markets from $145.00 to $170.00. They now have a “market perform” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Evercore ISI from $165.00 to $180.00. They now have an “in-line” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Truist Financial Co. from $142.00 to $160.00. They now have a “hold” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Stifel Nicolaus from $153.00 to $177.00. They now have a “hold” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Barclays PLC from $142.00 to $169.00. They now have an “equal weight” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Bank of America Co. from $160.00 to $190.00. They now have a “buy” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Jefferies Financial Group Inc. from $170.00 to $195.00. They now have a “buy” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at DA Davidson from $167.00 to $195.00. They now have a “buy” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at Guggenheim from $160.00 to $190.00. They now have a “buy” rating on the stock.
• 3/6/2024 – Target had its price target raised by analysts at The Goldman Sachs Group, Inc. from $176.00 to $194.00. They now have a “buy” rating on the stock.
• 3/6/2024 – Target was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $195.00 price target on the stock, up previously from $140.00.
• 3/6/2024 – Target was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $206.00 price target on the stock, up previously from $149.00.
• 3/5/2024 – Target had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $174.00 price target on the stock.
• 3/4/2024 – Target was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
• 3/1/2024 – Target had its price target raised by analysts at JPMorgan Chase & Co. from $125.00 to $157.00. They now have a “neutral” rating on the stock.
• 2/29/2024 – Target had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $195.00 price target on the stock, up previously from $160.00.
• 2/26/2024 – Target had its price target raised by analysts at Oppenheimer Holdings Inc. from $160.00 to $170.00. They now have an “outperform” rating on the stock.
• 2/21/2024 – Target had its price target raised by analysts at Wells Fargo & Company from $155.00 to $165.00. They now have an “overweight” rating on the stock.

Target Trading Up 0.7 %

NYSE:TGT traded up $1.15 during mid-day trading on Wednesday, hitting $164.47. 3,700,101 shares of the company’s stock were exchanged, compared to its average volume of 3,796,107. The company has a 50 day simple moving average of $162.51 and a 200-day simple moving average of $140.17. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The firm has a market capitalization of $75.93 billion, a P/E ratio of 18.42, a PEG ratio of 1.55 and a beta of 1.14.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The business had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same period last year, the company earned $1.89 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, research analysts expect that Target Co. will post 9.39 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.68%. Target’s dividend payout ratio (DPR) is currently 49.27%.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total value of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Target

A number of hedge funds and other institutional investors have recently bought and sold shares of TGT. Moneta Group Investment Advisors LLC increased its stake in Target by 95,980.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after purchasing an additional 18,518,448 shares in the last quarter. Norges Bank bought a new stake in Target during the 4th quarter valued at $759,810,000. International Assets Investment Management LLC increased its stake in Target by 15,009.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after purchasing an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Target by 37,301.2% in the 3rd quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after acquiring an additional 1,694,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Target by 252.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,166,161 shares of the retailer’s stock worth $358,782,000 after acquiring an additional 1,551,551 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

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.