Target (NYSE:TGT) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They presently have a $66.59 price objective on the retailer’s stock. Vetr‘s price target indicates a potential upside of 3.95% from the company’s previous close.

A number of other research firms have also recently commented on TGT. MKM Partners set a $77.00 target price on Target and gave the company a “buy” rating in a research note on Thursday, December 14th. Sanford C. Bernstein set a $65.00 price objective on Target and gave the company a “buy” rating in a research note on Thursday, December 14th. Zacks Investment Research cut Target from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Stifel Nicolaus set a $60.00 price objective on Target and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Company initiated coverage on Target in a research note on Friday, November 3rd. They set a “market perform” rating and a $62.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $62.44.

Target (NYSE TGT) opened at $64.06 on Monday. The company has a market capitalization of $34,820.00, a price-to-earnings ratio of 13.04, a P/E/G ratio of 7.80 and a beta of 0.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. Target has a 12 month low of $48.56 and a 12 month high of $78.00.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. equities analysts forecast that Target will post 4.51 EPS for the current year.

In related news, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bedell Frazier Investment Counseling LLC bought a new stake in shares of Target in the third quarter worth about $219,000. Heritage Trust Co grew its stake in shares of Target by 129.7% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC grew its stake in shares of Target by 2,200.0% in the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after purchasing an additional 1,826 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Target by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its stake in shares of Target by 109.8% in the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

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About Target

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.

Analyst Recommendations for Target (NYSE:TGT)

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