Target (NYSE:TGT) Upgraded by StockNews.com to Buy Rating
StockNews.com upgraded Target (NYSE:TGT) from a "hold" to a "buy" rating. Other analysts have set various price targets, with Roth Capital at $122, Jefferies at $150, and KGI Securities at $132. Target's stock rose 1.4% to $105.84, with a market cap of $48.22 billion. The company reported $2.41 EPS, exceeding estimates. Institutional investors own 79.73% of the stock. Target operates as a general merchandise retailer in the U.S.
Target (NYSE:TGT - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Wednesday.
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Other analysts have also recently issued research reports about the company. Roth Capital set a $122.00 price objective on Target in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their price objective on Target from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. KGI Securities set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. Truist Financial dropped their target price on shares of Target from $134.00 to $124.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Finally, Piper Sandler decreased their price target on shares of Target from $132.00 to $124.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $142.90.
Get Our Latest Analysis on Target
Target Trading Up 1.4 %
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TGT stock traded up $1.41 during midday trading on Wednesday, reaching $105.84. 5,559,616 shares of the company's stock traded hands, compared to its average volume of 5,224,457. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target has a fifty-two week low of $99.25 and a fifty-two week high of $177.23. The business has a 50-day moving average price of $121.12 and a two-hundred day moving average price of $135.54. The company has a market capitalization of $48.22 billion, a P/E ratio of 11.22, a PEG ratio of 1.94 and a beta of 1.18.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities research analysts forecast that Target will post 8.69 EPS for the current fiscal year.
Institutional Trading of Target
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A number of large investors have recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Target during the fourth quarter valued at $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target during the fourth quarter valued at $29,000. MCF Advisors LLC increased its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after buying an additional 135 shares during the period. 79.73% of the stock is currently owned by institutional investors.
Target Company Profile
(Get Free Report)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.
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