Brokerages Set Target Co. (NYSE:TGT) PT at $182.04

Shares of Target Co. (NYSE:TGT) have been given an average rating of “Moderate Buy” by the twenty-seven brokerages that are currently covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $182.04.

TGT has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada raised their target price on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Evercore ISI boosted their price target on shares of Target from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Guggenheim increased their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Citigroup lifted their target price on shares of Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th.

Insider Buying and Selling

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

Institutional Investors Weigh In On Target

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signet Financial Management LLC acquired a new stake in shares of Target in the first quarter valued at about $206,000. Wealthcare Advisory Partners LLC grew its stake in Target by 9.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 6,236 shares of the retailer’s stock valued at $1,105,000 after purchasing an additional 532 shares in the last quarter. Corundum Group Inc. increased its position in shares of Target by 39.6% during the 1st quarter. Corundum Group Inc. now owns 7,527 shares of the retailer’s stock worth $1,334,000 after purchasing an additional 2,137 shares during the last quarter. Aspiriant LLC raised its stake in shares of Target by 7.3% during the 1st quarter. Aspiriant LLC now owns 2,317 shares of the retailer’s stock worth $411,000 after purchasing an additional 158 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC acquired a new stake in shares of Target in the 1st quarter valued at approximately $239,000. 79.73% of the stock is owned by institutional investors.

Target Trading Down 0.7 %

TGT opened at $165.01 on Friday. Target has a 1-year low of $102.93 and a 1-year high of $181.86. The stock has a market capitalization of $76.18 billion, a PE ratio of 18.48, a PEG ratio of 1.56 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $162.13 and a two-hundred day moving average price of $139.80.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share 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 analyst estimates of $31.83 billion. During the same quarter last year, the business posted $1.89 earnings per share. Target’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Target will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.67%. Target’s payout ratio is 49.27%.

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.