Target (TGT) Given a $77.00 Price Target at MKM Partners
A number of other research firms have also recently commented on TGT. Moffett Nathanson started coverage on Target in a report on Monday, December 4th. They issued a neutral rating on the stock. Zacks Investment Research cut Target from a buy rating to a hold rating in a report on Monday, August 21st. BMO Capital Markets reissued a market weight rating on shares of Target in a report on Thursday, September 14th. Jefferies Group reissued a hold rating on shares of Target in a report on Friday, August 25th. Finally, Wells Fargo & Company started coverage on Target in a report on Friday, November 3rd. They issued a market perform rating and a $62.00 price target on the stock. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company. Target presently has a consensus rating of Hold and an average target price of $62.42.
Shares of Target (TGT) traded up $0.67 during trading hours on Thursday, hitting $62.61. The company had a trading volume of 9,151,556 shares, compared to its average volume of 7,383,789. The company has a market cap of $34,065.70, a P/E ratio of 13.06, a PEG ratio of 7.75 and a beta of 0.64. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target has a 52 week low of $48.56 and a 52 week high of $78.37.
Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The company had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. During the same period in the previous year, the company posted $1.04 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. research analysts predict that Target will post 4.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.62 per share. The ex-dividend date was Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.96%. Target’s dividend payout ratio (DPR) is 51.88%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Fiera Capital Corp raised its holdings in Target by 0.4% during the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock valued at $256,000 after buying an additional 19 shares during the period. Gamble Jones Investment Counsel raised its holdings in Target by 0.4% during the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock valued at $553,000 after buying an additional 44 shares during the period. Carlson Capital Management raised its holdings in Target by 0.9% during the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock valued at $421,000 after buying an additional 69 shares during the period. WealthTrust Fairport LLC raised its holdings in Target by 1.6% during the 2nd quarter. WealthTrust Fairport LLC now owns 6,051 shares of the retailer’s stock valued at $316,000 after buying an additional 93 shares during the period. Finally, Private Trust Co. NA raised its holdings in Target by 1.6% during the 2nd quarter. Private Trust Co. NA now owns 6,167 shares of the retailer’s stock valued at $322,000 after buying an additional 97 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.
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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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