Target (NYSE:TGT) Stock Price Down 0.1% – What’s Next?

Target Co. (NYSE:TGT)’s stock price fell 0.1% on Monday . The stock traded as low as $132.90 and last traded at $134.44. 890,111 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 4,525,803 shares. The stock had previously closed at $134.52.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TGT shares. Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Morgan Stanley reissued an “overweight” rating and set a $180.00 price target on shares of Target in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $160.57.

Target Stock Down 0.7 %

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 company has a market cap of $59.89 billion, a PE ratio of 13.86, a P/E/G ratio of 2.23 and a beta of 1.17. The business’s 50 day moving average is $143.96 and its 200-day moving average is $146.91.

Target (NYSE:TGT) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $2.10 EPS. As a group, analysts predict that Target Co. will post 8.6 EPS for the current year.

Insider Transactions at Target

In other news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at $19,418,510.67. The trade was a 4.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TGT. Slocum Gordon & Co LLP acquired a new stake in shares of Target during the second quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Target during the third quarter worth about $28,000. Wolff Wiese Magana LLC lifted its position in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC purchased a new stake in Target in the 3rd quarter valued at approximately $36,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Target during the 2nd quarter worth approximately $37,000. 79.73% of the stock is 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.