Target (NYSE:TGT) Given New $134.00 Price Target at Truist Financial

Target (NYSE:TGT) had its target price hoisted by investment analysts at Truist Financial from $129.00 to $134.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the retailer’s stock. Truist Financial’s price target would suggest a potential upside of 1.49% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Melius Research assumed coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. BMO Capital Markets decreased their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Wells Fargo & Company lowered their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company 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 on the stock. in a research note on Wednesday, November 20th. Finally, TD Cowen reduced their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $158.13.

Target Stock Performance

Shares of NYSE:TGT traded down $1.21 on Friday, hitting $132.04. 1,838,273 shares of the company were exchanged, compared to its average volume of 4,844,272. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average price is $136.81 and its 200 day moving average price is $145.31. Target has a 1-year low of $120.21 and a 1-year high of $181.86. The firm has a market capitalization of $60.50 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last released its 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 return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.10 EPS. Sell-side analysts predict that Target will post 8.6 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in Target during the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC lifted its stake in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Target during the third quarter valued at about $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Target in the third quarter worth about $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Target during the third quarter worth $41,000. 79.73% of the stock is currently owned by hedge funds and other 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.