Target (NYSE:TGT) had its price target raised by Cowen from $145.00 to $150.00 in a report released on Wednesday, BenzingaRatingsTable reports. Cowen currently has a buy rating on the retailer’s stock.

TGT has been the topic of several other research reports. Robert W. Baird increased their target price on shares of Target from $115.00 to $140.00 in a report on Wednesday, November 27th. Telsey Advisory Group boosted their price target on shares of Target from $120.00 to $137.00 and gave the stock an outperform rating in a research note on Thursday, November 21st. Raymond James initiated coverage on shares of Target in a research report on Monday, October 7th. They set a strong-buy rating and a $130.00 price target for the company. Wells Fargo & Co raised Target from a market perform rating to an outperform rating and set a $115.00 price objective on the stock in a research note on Wednesday, August 21st. Finally, Citigroup raised Target from a neutral rating to a buy rating and raised their price objective for the company from $80.00 to $130.00 in a research note on Thursday, August 22nd. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Target currently has a consensus rating of Buy and a consensus target price of $114.70.

NYSE:TGT traded down $0.01 during mid-day trading on Wednesday, reaching $124.51. The stock had a trading volume of 1,210,488 shares, compared to its average volume of 5,243,163. The stock has a market capitalization of $63.35 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.60 and a beta of 0.55. The firm has a 50 day moving average price of $115.08 and a two-hundred day moving average price of $98.48. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.15 and a current ratio of 0.83. Target has a one year low of $60.15 and a one year high of $127.97.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.17. The business had revenue of $18.41 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Target had a net margin of 4.18% and a return on equity of 28.22%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. Research analysts forecast that Target will post 6.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 2.12%. Target’s payout ratio is currently 48.98%.

Target declared that its board has authorized a share buyback plan on Thursday, September 19th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the retailer to reacquire up to 9.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

In other Target news, insider Stephanie A. Lundquist sold 6,630 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $127.00, for a total transaction of $842,010.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Don H. Liu sold 2,000 shares of Target stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $110.00, for a total transaction of $220,000.00. Following the completion of the transaction, the insider now directly owns 39,890 shares of the company’s stock, valued at $4,387,900. The disclosure for this sale can be found here. Insiders have sold 30,904 shares of company stock valued at $3,544,493 in the last quarter. 0.24% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Delta Asset Management LLC TN boosted its stake in Target by 161.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 261 shares of the retailer’s stock valued at $28,000 after purchasing an additional 161 shares during the last quarter. Krane Funds Advisors LLC bought a new position in shares of Target during the second quarter valued at $25,000. KCS Wealth Advisory bought a new position in shares of Target during the third quarter valued at $37,000. Phocas Financial Corp. purchased a new stake in shares of Target during the second quarter valued at $329,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Target during the second quarter valued at $37,000. Hedge funds and other institutional investors own 76.27% of the company’s stock.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Analyst Recommendations for Target (NYSE:TGT)

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