Target (NYSE:TGT) Upgraded at StockNews.com

StockNews.com upgraded shares of Target (NYSE:TGT) from a hold rating to a buy rating in a research note released on Thursday morning.

Several other research analysts also recently commented on the company. Guggenheim lifted their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. KGI Securities set a $132.00 target price on Target in a research note on Wednesday, March 5th. UBS Group reduced their target price on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Roth Capital set a $122.00 price target on Target in a research note on Wednesday, March 5th. Finally, Truist Financial reduced their price target on Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $145.55.

Target Stock Down 0.7 %

TGT stock opened at $104.19 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $126.64 and a two-hundred day moving average price of $138.47. The company has a market cap of $47.47 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 1.94 and a beta of 1.18. Target has a twelve month low of $103.46 and a twelve month high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. Target’s payout ratio is presently 50.56%.

Hedge Funds Weigh In On Target

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Target in the 4th quarter valued at about $757,892,000. State Street Corp grew its position in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Target in the 4th quarter valued at about $297,122,000. Ameriprise Financial Inc. grew its position in shares of Target by 61.2% in the 4th quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock valued at $536,407,000 after buying an additional 1,506,275 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after buying an additional 1,502,200 shares during the last quarter. Institutional investors and hedge funds 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.