Target (NYSE:TGT) Stock Price Up 0% – Here’s Why

Target Co. (NYSE:TGT)’s share price traded up 0% during trading on Friday . The company traded as high as $137.09 and last traded at $136.43. 743,514 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,545,235 shares. The stock had previously closed at $136.39.

Analyst Ratings Changes

A number of research firms recently weighed in on TGT. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research note on Wednesday, November 20th. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Bank of America decreased their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Stock Performance

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 firm has a market capitalization of $62.16 billion, a PE ratio of 14.38, a P/E/G ratio of 2.23 and a beta of 1.17. The company’s fifty day simple moving average is $140.43 and its 200 day simple moving average is $146.15.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Institutional Trading of Target

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Slocum Gordon & Co LLP purchased a new position in Target during the 2nd quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its holdings in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the period. FSA Wealth Management LLC purchased a new stake in Target in the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Target in the 3rd quarter worth approximately $38,000. 79.73% of the stock is currently owned by institutional investors.

About Target

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.