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.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 22nd. The retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $17.78 billion for the quarter, compared to analysts’ expectations of $17.33 billion. Target had a return on equity of 23.34% and a net margin of 4.09%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 earnings per share. equities analysts anticipate that Target will post 5.36 EPS for the current fiscal year.

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.

About Target

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.

Recommended Story: Hedge Funds Explained

Analyst Recommendations for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.