Target (NYSE:TGT) Price Target Cut to $131.00 by Analysts at Roth Mkm

Target (NYSE:TGT) had its price objective reduced by Roth Mkm from $157.00 to $131.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

Several other brokerages also recently weighed in on TGT. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price target on shares of Target in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Stifel Nicolaus lifted their target price on Target from $147.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Evercore ISI dropped their price target on Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. Finally, UBS Group lifted their price objective on shares of Target from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.13.

Target Trading Up 2.9 %

Shares of TGT stock traded up $3.51 during trading hours on Thursday, reaching $125.10. The company’s stock had a trading volume of 4,657,427 shares, compared to its average volume of 4,305,012. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $57.63 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.03 and a beta of 1.24. The firm’s fifty day simple moving average is $151.79 and its 200 day simple moving average is $149.92. Target has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 EPS. Equities research analysts expect that Target will post 9.55 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 46.28%.

Insider Activity

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State Street Corp grew its holdings in Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC grew its stake in Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC increased its position in Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after buying an additional 130,691 shares in the last quarter. Legal & General Group Plc increased its position in Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after buying an additional 279,656 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Target by 11.4% in the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after buying an additional 440,307 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Company Profile

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.