A number of firms have modified their ratings and price targets on shares of Target Corporation (NYSE: TGT) recently:

  • 8/7/2017 – Target Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $59.67 price target on the stock.
  • 8/6/2017 – Target Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Target Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/20/2017 – Target Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $60.28 price target on the stock.
  • 7/17/2017 – Target Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $60.06 price target on the stock.
  • 7/14/2017 – Target Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $58.97 price target on the stock.
  • 7/14/2017 – Target Corporation had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $55.00 price target on the stock.
  • 7/14/2017 – Target Corporation had its price target raised by analysts at BMO Capital Markets from $60.00 to $62.00. They now have a “market perform” rating on the stock.
  • 7/14/2017 – Target Corporation had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $64.00 price target on the stock.
  • 6/21/2017 – Target Corporation was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $56.00 price target on the stock, up previously from $51.00.
  • 6/20/2017 – Target Corporation had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $56.00 price target on the stock, down previously from $60.00.
  • 6/20/2017 – Target Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $59.00 price target on the stock.
  • 6/20/2017 – Target Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/19/2017 – Target Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $59.66 price target on the stock.
  • 6/13/2017 – Target Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/12/2017 – Target Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $59.66 price target on the stock.

Target Corporation (TGT) traded down 3.85% during mid-day trading on Thursday, reaching $55.64. 10,796,326 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $53.83 and a 200-day moving average price of $56.54. The stock has a market capitalization of $30.70 billion, a PE ratio of 11.40 and a beta of 0.61. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. Target Corporation also saw unusually large options trading activity on Tuesday. Traders bought 43,644 call options on the stock. This is an increase of approximately 350% compared to the average volume of 9,688 call options.

Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.30. The company had revenue of $16.02 billion for the quarter, compared to the consensus estimate of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. Equities research analysts expect that Target Corporation will post $4.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio (DPR) is currently 48.98%.

In related news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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