Target (TGT) – Research Analysts’ Recent Ratings Changes
A number of research firms have changed their ratings and price targets for Target (NYSE: TGT):
- 5/16/2018 – Target was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
- 5/16/2018 – Target was given a new $93.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
- 5/14/2018 – Target was given a new $86.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
- 5/14/2018 – Target was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
- 5/7/2018 – Target was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
- 4/16/2018 – Target was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating.
- 3/21/2018 – Target was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $80.00 price target on the stock.
Shares of Target opened at $75.83 on Friday, MarketBeat reports. Target Co. has a fifty-two week low of $73.97 and a fifty-two week high of $75.64. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $40.32 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 2.72 and a beta of 0.71.
Target (NYSE:TGT) last issued its earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The company had revenue of $22.77 billion during the quarter, compared to analyst estimates of $22.56 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. equities analysts anticipate that Target Co. will post 5.29 EPS for the current fiscal year.
In other news, insider John J. Mulligan sold 118,373 shares of Target stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $69.37, for a total transaction of $8,211,535.01. Following the transaction, the insider now owns 195,906 shares in the company, valued at $13,589,999.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Don H. Liu sold 2,735 shares of Target stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $75.00, for a total transaction of $205,125.00. Following the transaction, the insider now owns 62,210 shares in the company, valued at approximately $4,665,750. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of TGT. Lee Financial Co lifted its holdings in shares of Target by 168.7% during the first quarter. Lee Financial Co now owns 1,435 shares of the retailer’s stock worth $100,000 after purchasing an additional 901 shares during the period. Westside Investment Management Inc. raised its stake in Target by 128.6% during the fourth quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock worth $107,000 after buying an additional 900 shares during the last quarter. Signaturefd LLC bought a new position in Target during the first quarter worth $112,000. Security Asset Management bought a new position in Target during the fourth quarter worth $115,000. Finally, First Mercantile Trust Co. bought a new position in Target during the fourth quarter worth $124,000. Institutional investors own 88.98% 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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