A number of other research firms have also issued reports on TGT. Citigroup boosted their price target on shares of Target from $130.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, January 17th. HSBC downgraded shares of Target from a "buy" rating to a "hold" rating and set a $138.00 target price on the stock. in a research note on Wednesday, November 20th. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Oppenheimer reissued an "outperform" rating and set a $165.00 price target on shares of Target in a research report on Monday, November 25th. Finally, Daiwa Capital Markets downgraded Target from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $157.70.
Read Our Latest Analysis on TGT
Shares of TGT traded down $0.72 during trading hours on Friday, hitting $127.86. 4,547,231 shares of the company were exchanged, compared to its average volume of 5,017,600. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market capitalization of $58.58 billion, a PE ratio of 13.56, a PEG ratio of 2.04 and a beta of 1.15. The firm has a fifty day simple moving average of $135.20 and a 200-day simple moving average of $143.34. Target has a one year low of $120.21 and a one year high of $181.86.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. As a group, sell-side analysts predict that Target will post 8.69 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of TGT. Thrivent Financial for Lutherans lifted its position in shares of Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer's stock worth $4,368,000 after purchasing an additional 490 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock worth $2,430,000 after buying an additional 3,590 shares during the period. Northeast Financial Group Inc. acquired a new position in shares of Target during the fourth quarter worth approximately $1,566,000. D.A. Davidson & CO. boosted its position in shares of Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer's stock valued at $18,619,000 after acquiring an additional 9,510 shares during the period. Finally, Prana Capital Management LP grew its stake in shares of Target by 47.5% in the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer's stock worth $33,834,000 after acquiring an additional 69,885 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
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