Target (TGT) PT Raised to $93.00
Target (NYSE:TGT) had its price objective upped by Stifel Nicolaus from $85.00 to $93.00 in a report released on Thursday. The firm presently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ price objective points to a potential upside of 6.52% from the stock’s previous close.
TGT has been the topic of several other research reports. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a report on Monday, May 14th. MKM Partners set a $91.00 target price on Target and gave the stock a “buy” rating in a report on Tuesday, June 5th. Wolfe Research upgraded Target from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 16th. Credit Suisse Group set a $86.00 target price on Target and gave the stock a “buy” rating in a report on Monday, June 4th. Finally, Zacks Investment Research upgraded Target from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, May 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.89.
Target stock opened at $87.31 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.90 and a quick ratio of 0.18. Target has a 52-week low of $54.04 and a 52-week high of $88.89. The firm has a market cap of $44.39 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 2.95 and a beta of 0.74.
In related news, insider Janna A. Potts sold 5,152 shares of the firm’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $75.00, for a total value of $386,400.00. Following the transaction, the insider now owns 22,304 shares in the company, valued at $1,672,800. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laysha Ward sold 43,926 shares of the firm’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $79.33, for a total value of $3,484,649.58. Following the completion of the transaction, the insider now owns 90,460 shares in the company, valued at approximately $7,176,191.80. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Uncommon Cents Investing LLC lifted its stake in Target by 2.2% in the second quarter. Uncommon Cents Investing LLC now owns 31,623 shares of the retailer’s stock valued at $2,407,000 after buying an additional 685 shares during the period. Beese Fulmer Investment Management Inc. acquired a new position in Target in the second quarter valued at about $219,000. Rockland Trust Co. acquired a new position in Target in the second quarter valued at about $1,219,000. Franklin Street Advisors Inc. NC acquired a new position in Target in the second quarter valued at about $426,000. Finally, Twin Capital Management Inc. acquired a new position in Target in the first quarter valued at about $2,093,000. Institutional investors and hedge funds own 85.18% of the company’s stock.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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