Several other equities analysts have also commented on TGT. UBS AG reaffirmed a neutral rating and issued a $56.00 price objective (down from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. BidaskClub lowered shares of Target Corporation from a buy rating to a hold rating in a research report on Saturday, August 12th. Vetr lowered shares of Target Corporation from a buy rating to a hold rating and set a $59.67 price objective for the company. in a research report on Monday, August 7th. Stifel Nicolaus reaffirmed a hold rating and issued a $60.00 price objective (up from $58.00) on shares of Target Corporation in a research report on Friday, August 18th. Finally, Gordon Haskett raised shares of Target Corporation from a sell rating to a hold rating and increased their price objective for the company from $47.00 to $58.00 in a research report on Wednesday, August 16th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $61.64.
Shares of Target Corporation (NYSE:TGT) traded up 0.72% during mid-day trading on Thursday, hitting $59.90. 4,021,262 shares of the stock were exchanged. The stock has a 50-day moving average price of $56.55 and a 200 day moving average price of $55.08. The firm has a market cap of $32.72 billion, a price-to-earnings ratio of 12.10 and a beta of 0.60. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33.
Target Corporation (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion during the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Target Corporation’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. On average, equities research analysts expect that Target Corporation will post $4.51 earnings per share for the current year.
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In related news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fiera Capital Corp boosted its stake in Target Corporation by 0.4% during the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after purchasing an additional 19 shares during the last quarter. Welch & Forbes LLC boosted its stake in Target Corporation by 0.3% during the 1st quarter. Welch & Forbes LLC now owns 8,150 shares of the retailer’s stock worth $450,000 after purchasing an additional 24 shares during the last quarter. Compton Capital Management Inc. RI boosted its stake in Target Corporation by 0.4% during the 1st quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock worth $487,000 after purchasing an additional 32 shares during the last quarter. Gamble Jones Investment Counsel boosted its stake in Target Corporation by 0.4% during the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after purchasing an additional 44 shares during the last quarter. Finally, WealthTrust Fairport LLC boosted its stake in Target Corporation by 0.9% during the 1st quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer’s stock worth $329,000 after purchasing an additional 55 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.
About Target Corporation
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.
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