Target (NYSE:TGT) Price Target Raised to $180.00

Target (NYSE:TGTFree Report) had its target price hoisted by Evercore ISI from $165.00 to $180.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an in-line rating on the retailer’s stock.

TGT has been the subject of several other reports. The Goldman Sachs Group upped their price target on shares of Target from $176.00 to $194.00 and gave the company a buy rating in a research report on Wednesday. Citigroup upped their price target on shares of Target from $142.00 to $180.00 and gave the company a neutral rating in a research report on Wednesday. UBS Group restated a buy rating and set a $174.00 price target on shares of Target in a research report on Tuesday. Barclays upped their price target on shares of Target from $142.00 to $169.00 and gave the company an equal weight rating in a research report on Wednesday. Finally, Guggenheim increased their target price on shares of Target from $160.00 to $190.00 and gave the stock a buy rating in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $178.38.

Check Out Our Latest Report on TGT

Target Stock Down 1.1 %

TGT opened at $169.72 on Wednesday. The stock has a market cap of $78.35 billion, a PE ratio of 19.01, a P/E/G ratio of 1.36 and a beta of 1.13. The company has a quick ratio of 0.18, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. Target has a 52 week low of $102.93 and a 52 week high of $175.53. The business’s fifty day simple moving average is $146.80 and its 200 day simple moving average is $130.58.

Target (NYSE:TGTGet Free Report) last released its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. The business had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.87%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 earnings per share. As a group, research analysts expect that Target will post 9.2 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 10th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio is 49.27%.

Hedge Funds Weigh In On Target

A number of institutional investors and hedge funds have recently made changes to their positions in TGT. Moneta Group Investment Advisors LLC increased its stake in shares of Target by 95,980.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after purchasing an additional 18,518,448 shares in the last quarter. Norges Bank bought a new stake in shares of Target during the fourth quarter valued at approximately $759,810,000. Franklin Resources Inc. increased its position in shares of Target by 35.4% during the second quarter. Franklin Resources Inc. now owns 8,973,381 shares of the retailer’s stock valued at $1,183,589,000 after acquiring an additional 2,343,668 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Target during the second quarter valued at approximately $239,625,000. Finally, International Assets Investment Management LLC increased its position in shares of Target by 15,009.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after acquiring an additional 1,745,459 shares in the last quarter. Institutional investors own 78.33% of the company’s stock.

Target Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Target (NYSE:TGT)

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