Target (NYSE:TGT) PT Raised to $220.00

Target (NYSE:TGT) had its target price upped by equities research analysts at Gordon Haskett from $200.00 to $220.00 in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the retailer’s stock. Gordon Haskett’s price target points to a potential upside of 28.05% from the stock’s previous close.

A number of other brokerages have also weighed in on TGT. Stifel Nicolaus raised their price objective on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Barclays boosted their price objective on shares of Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Target from a “hold” rating to a “buy” rating and raised their target price for the company from $149.00 to $206.00 in a report on Wednesday, March 6th. Jefferies Financial Group boosted their price target on Target from $195.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, TheStreet raised shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target has an average rating of “Moderate Buy” and an average price target of $182.04.

Target Stock Performance

NYSE TGT opened at $171.81 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. Target has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The stock has a 50-day simple moving average of $158.31 and a two-hundred day simple moving average of $136.77. The firm has a market capitalization of $79.32 billion, a P/E ratio of 19.24, a PEG ratio of 1.64 and a beta of 1.14.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The business had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Target will post 9.39 earnings per share for the current year.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the transaction, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders sold a total of 52,600 shares of company stock valued at $8,819,598 over the last ninety days. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Target

Several institutional investors have recently bought and sold shares of TGT. First Hawaiian Bank lifted its position in Target by 23.5% during the first quarter. First Hawaiian Bank now owns 7,920 shares of the retailer’s stock valued at $1,404,000 after buying an additional 1,509 shares during the period. Chickasaw Capital Management LLC grew its stake in shares of Target by 9.9% during the 1st quarter. Chickasaw Capital Management LLC now owns 7,754 shares of the retailer’s stock valued at $1,374,000 after purchasing an additional 696 shares during the period. Butensky & Cohen Financial Security Inc. increased its position in shares of Target by 5.4% during the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 27,602 shares of the retailer’s stock valued at $4,891,000 after purchasing an additional 1,421 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Target by 20.1% during the 1st quarter. GAMMA Investing LLC now owns 6,016 shares of the retailer’s stock valued at $1,066,000 after acquiring an additional 1,005 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of Target by 44.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,765,496 shares of the retailer’s stock valued at $312,864,000 after buying an additional 544,920 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

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.