Target (NYSE:TGT) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has a $67.00 target price on the retailer’s stock. Morgan Stanley’s target price suggests a potential downside of 6.89% from the stock’s current price.

Several other equities research analysts have also recently commented on TGT. Zacks Investment Research raised Target from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, March 8th. Sanford C. Bernstein cut Target from an “outperform” rating to a “market perform” rating and set a $76.05 target price for the company. in a research note on Thursday, May 2nd. Deutsche Bank lifted their target price on Target from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Citigroup reissued a “neutral” rating and issued a $78.00 target price on shares of Target in a research note on Tuesday, February 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $88.00 target price (up from $86.00) on shares of Target in a research note on Wednesday, March 6th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.61.

TGT stock opened at $71.96 on Monday. The firm has a market cap of $36.93 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 1.94 and a beta of 0.65. Target has a fifty-two week low of $60.15 and a fifty-two week high of $90.39. The company has a quick ratio of 0.20, a current ratio of 0.83 and a debt-to-equity ratio of 1.08.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.53. The company had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $23.05 billion. Target had a return on equity of 25.74% and a net margin of 3.90%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $1.37 EPS. As a group, equities research analysts expect that Target will post 5.81 EPS for the current fiscal year.

In other news, insider Cathy R. Smith sold 30,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $74.00, for a total value of $2,220,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert M. Harrison sold 1,791 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $80.28, for a total value of $143,781.48. Following the completion of the transaction, the insider now owns 12,836 shares in the company, valued at $1,030,474.08. The disclosure for this sale can be found here. Insiders sold a total of 36,977 shares of company stock worth $2,774,409 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of TGT. Oregon Public Employees Retirement Fund boosted its position in shares of Target by 5,697.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,484,117 shares of the retailer’s stock worth $280,000 after purchasing an additional 18,165,298 shares during the last quarter. Norges Bank bought a new position in Target during the fourth quarter worth about $358,987,000. Boston Partners bought a new position in Target during the fourth quarter worth about $310,033,000. Nordea Investment Management AB lifted its holdings in Target by 2,417.6% during the fourth quarter. Nordea Investment Management AB now owns 1,811,859 shares of the retailer’s stock worth $119,742,000 after acquiring an additional 1,739,892 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Target by 3.2% during the fourth quarter. BlackRock Inc. now owns 43,222,017 shares of the retailer’s stock worth $2,856,544,000 after acquiring an additional 1,334,425 shares in the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Analyst Recommendations for Target (NYSE:TGT)

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