Wolfe Research upgraded shares of Target (NYSE:TGT) from an underperform rating to a market perform rating in a research note released on Monday, The Fly reports.
A number of other brokerages have also commented on TGT. Zacks Investment Research upgraded shares of Target from a hold rating to a strong-buy rating and set a $88.00 price target for the company in a research note on Saturday, January 20th. Vetr lowered shares of Target from a hold rating to a sell rating and set a $73.66 price target for the company. in a research note on Tuesday, February 27th. Citigroup restated a neutral rating and set a $80.00 price target (down previously from $86.00) on shares of Target in a research note on Friday, February 16th. Credit Suisse Group began coverage on shares of Target in a research note on Monday, February 26th. They set an outperform rating and a $86.00 price target for the company. Finally, Susquehanna Bancshares set a $95.00 price target on shares of Target and gave the company a buy rating in a research note on Monday, March 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $74.20.
Shares of TGT stock opened at $72.00 on Monday. The firm has a market cap of $38,876.32, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 3.01 and a beta of 0.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30. Target has a 12 month low of $48.56 and a 12 month high of $78.70.
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Investors of record on Wednesday, May 16th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.44%. Target’s payout ratio is currently 52.65%.
In related news, insider Stephanie A. Lundquist sold 3,000 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the transaction, the insider now owns 16,906 shares in the company, valued at $1,320,020.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John J. Mulligan sold 118,373 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $13,589,999.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,930 shares of company stock valued at $9,102,439. 0.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TGT. Janus Henderson Group PLC grew its position in Target by 19.1% during the third quarter. Janus Henderson Group PLC now owns 269,458 shares of the retailer’s stock valued at $15,898,000 after buying an additional 43,151 shares during the period. GSA Capital Partners LLP bought a new position in Target during the third quarter valued at about $640,000. Pensionfund DSM Netherlands bought a new position in Target during the fourth quarter valued at about $3,719,000. Pensionfund Sabic bought a new position in Target during the fourth quarter valued at about $1,892,000. Finally, Chickasaw Capital Management LLC grew its position in Target by 63.2% during the fourth quarter. Chickasaw Capital Management LLC now owns 15,670 shares of the retailer’s stock valued at $1,022,000 after buying an additional 6,070 shares during the period. Institutional investors own 87.02% of the company’s stock.
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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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