Target (TGT) Lowered to Sell at Vetr
Vetr downgraded shares of Target (NYSE:TGT) from a hold rating to a sell rating in a research report sent to investors on Tuesday. The firm currently has $73.66 price objective on the retailer’s stock.
Several other analysts have also issued reports on the company. Credit Suisse Group assumed coverage on Target in a report on Monday, February 26th. They set an outperform rating and a $86.00 target price on the stock. Citigroup reiterated a neutral rating and set a $80.00 target price (down previously from $86.00) on shares of Target in a report on Friday, February 16th. Robert W. Baird upgraded Target from a neutral rating to an outperform rating and upped their target price for the stock from $75.00 to $85.00 in a report on Wednesday, February 14th. ValuEngine upgraded Target from a hold rating to a buy rating in a report on Tuesday, February 13th. Finally, Cowen set a $80.00 target price on Target and gave the stock a hold rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $71.68.
Shares of Target (NYSE TGT) opened at $75.15 on Tuesday. Target has a twelve month low of $48.56 and a twelve month high of $78.70. The stock has a market capitalization of $40,850.00, a PE ratio of 15.79, a P/E/G ratio of 3.56 and a beta of 0.71. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01.
In other news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the transaction, the insider now directly owns 16,906 shares in the company, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock worth $1,185,484 in the last ninety days. 0.25% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its position in Target by 45.1% during the third quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock worth $309,101,000 after buying an additional 1,629,222 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Target by 85.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 3,299,194 shares of the retailer’s stock worth $215,272,000 after buying an additional 1,515,618 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new stake in Target during the third quarter worth approximately $65,948,000. Dimensional Fund Advisors LP grew its position in Target by 49.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,186,874 shares of the retailer’s stock worth $188,052,000 after buying an additional 1,058,000 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Target by 101.8% during the fourth quarter. Teachers Advisors LLC now owns 1,879,844 shares of the retailer’s stock worth $122,660,000 after buying an additional 948,075 shares in the last quarter. 88.32% of the stock is currently owned by institutional investors.
Target Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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