Tigress Financial Increases Target (NYSE:TGT) Price Target to $210.00

Target (NYSE:TGT) had its target price boosted by Tigress Financial from $180.00 to $210.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. Tigress Financial’s price objective would indicate a potential upside of 18.56% from the company’s current price.

A number of other analysts have also recently commented on the stock. Telsey Advisory Group increased their price target on shares of Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Citigroup increased their price target on shares of Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Oppenheimer increased their price target on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. The Goldman Sachs Group increased their price target on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Morgan Stanley increased their price objective on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.73.

Target Stock Performance

Shares of TGT opened at $177.12 on Wednesday. Target has a 12 month low of $102.93 and a 12 month high of $177.40. The firm has a fifty day simple moving average of $153.95 and a 200 day simple moving average of $134.65. The stock has a market capitalization of $81.77 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.62 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. The business had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 earnings per share. Research analysts forecast that Target will post 9.39 EPS for the current fiscal year.

Insider Buying and Selling at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Target

A number of hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. boosted its stake in shares of Target by 34.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,868 shares of the retailer’s stock valued at $551,000 after purchasing an additional 994 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Target in the 4th quarter valued at approximately $1,722,000. Napatree Capital LLC acquired a new stake in shares of Target in the 4th quarter valued at approximately $982,000. Quadrature Capital Ltd acquired a new stake in shares of Target in the 4th quarter valued at approximately $39,683,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Target in the 4th quarter valued at approximately $28,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.