Robert W. Baird Has Lowered Expectations for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price target cut by Robert W. Baird from $100.00 to $92.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the retailer’s stock. Robert W. Baird’s price objective suggests a potential upside of 7.05% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Roth Capital reaffirmed a “neutral” rating and set a $90.00 target price on shares of Target in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Evercore ISI reaffirmed a “positive” rating on shares of Target in a research note on Thursday. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 target price on shares of Target in a research report on Friday, November 14th. Finally, UBS Group cut their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.93.

Target Trading Down 2.9%

Shares of NYSE:TGT opened at $85.94 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The stock has a market capitalization of $39.05 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 2.74 and a beta of 1.19. Target has a 1-year low of $85.30 and a 1-year high of $145.08. The company has a 50 day moving average price of $90.34 and a 200 day moving average price of $96.02.

Target (NYSE:TGT) last posted 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. The company had revenue of $25.28 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, research analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.