Target (TGT) Earns “Market Perform” Rating from Telsey Advisory Group
Telsey Advisory Group reaffirmed their market perform rating on shares of Target (NYSE:TGT) in a report issued on Wednesday, MarketBeat reports. The firm currently has a $75.00 target price on the retailer’s stock, up from their previous target price of $65.00.
TGT has been the subject of several other research reports. TheStreet upgraded shares of Target from a c+ rating to a b rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of Target from a hold rating to a buy rating and set a $63.00 target price for the company in a research note on Tuesday, October 10th. Robert W. Baird restated a hold rating and issued a $70.00 target price on shares of Target in a research note on Wednesday, January 3rd. MKM Partners set a $77.00 target price on shares of Target and gave the stock a buy rating in a research note on Thursday, December 14th. Finally, Morgan Stanley reduced their target price on shares of Target from $52.00 to $50.00 and set an underweight rating for the company in a research note on Thursday, November 16th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $66.15.
Target (NYSE TGT) traded up $2.80 during mid-day trading on Wednesday, hitting $76.80. 14,842,440 shares of the stock traded hands, compared to its average volume of 7,550,000. Target has a one year low of $48.56 and a one year high of $77.00. The firm has a market cap of $41,750.00, a PE ratio of 16.13, a PEG ratio of 3.95 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27.
Target (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter last year, the business earned $1.04 EPS. The business’s revenue was up 1.4% on a year-over-year basis. equities research analysts forecast that Target will post 4.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.23%. Target’s dividend payout ratio is presently 52.10%.
In other news, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.
Large investors have recently bought and sold shares of the business. Bedell Frazier Investment Counseling LLC purchased a new position in Target during the 3rd quarter valued at about $219,000. Heritage Trust Co increased its holdings in Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after acquiring an additional 1,000 shares in the last quarter. SevenBridge Financial Group LLC increased its holdings in Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after acquiring an additional 1,826 shares in the last quarter. Parallel Advisors LLC increased its holdings in Target by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after acquiring an additional 399 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its holdings in Target by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after acquiring an additional 1,310 shares in the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.
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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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