The Target Corporation (TGT) Price Target Raised to $62.00

Xavier Trudeau
Août 12, 2017

The firm has "Market Perform" rating given on Monday, September 12 by Cowen & Co. Private Advisory Group LLC's holdings in Target Corporation were worth $749,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TGT. Cribstone Capital Management LLC boosted its stake in Target Corporation by 114.2% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer's stock worth $110,000 after buying an additional 874 shares during the period. Compton Capital Management Inc. Quadrature Capital Ltd purchased a new stake in Target during the fourth quarter worth $10,592,000. Peoples Financial Services CORP. now owns 2,275 shares of the retailer's stock worth $125,000 after buying an additional 1,225 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Target by 3.6% in the second quarter. Guggenheim Capital LLC now owns 933,698 shares of the retailer's stock valued at $67,441,000 after buying an additional 90,754 shares during the last quarter. Peoples Financial Services CORP. increased its position in Target Corporation by 116.7% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer's stock valued at $129,000 after buying an additional 204 shares in the last quarter. Bank of Montreal Can increased its position in Target Corporation by 29.1% in the first quarter. Prudential Financial Inc. now owns 2,634,644 shares of the retailer's stock valued at $145,406,000 after buying an additional 66,690 shares during the period.

Target Corporation (TGT) traded up 0.02% during trading on Friday, hitting $55.65. 3,777,701 shares of the stock traded hands.

Shares of the company are trading at $55.64 slightly over $53.97, the 50 day moving average and which is marginally lower than the 200 day moving average of $56.53. The stock has a market cap of $31.77 billion, a P/E ratio of 11.80 and a beta of 0.61. Target Corporation also was the recipient of unusually large options trading on Tuesday. Traders purchased 43,644 call options on the stock. This represents an increase of approximately 350% compared to the average volume of 9,688 call options.

Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 17th. In the latest earnings report the EPS was $4.88 and is estimated to be $4.39 for the current year with 551,708,000 shares outstanding. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The business's revenue was down 1.1% on a year-over-year basis. Analysts forecast that Target Co. will post $4.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.62 per share. After having $1.21 EPS previously, Target Corporation's analysts see 0.00 % EPS growth. The firm earned "Hold" rating on Monday, August 17 by Deutsche Bank. A rating of 4 or 5 would represent a Sell recommendation.

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A number of equities analysts have commented on TGT shares.

Vanguard Group Inc. reduced its stake in Target Corporation (NYSE:TGT) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). They issued a sell rating and a $47.00 price target on the stock. UBS AG restated a "neutral" rating and issued a $56.00 target price (down previously from $60.00) on shares of Target Corporation in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Target Corporation from a "sell" rating to a "hold" rating in a research note on Monday, May 15th. Buckingham Research reissued a buy rating and issued a $71.00 price target on shares of Target Corporation in a report on Wednesday, April 19th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company's stock. The company has a consensus rating of "Hold" and an average price target of $61.99.

In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the firm's stock in a transaction that occurred on Wednesday, July 5th.

In the transaction dated March 02, 2017, the great number of shares acquired came courtesy the Executive Officer; LIU DON H added a total of 2,000 shares at an average price of $58.2, amounting to approximately $116,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

The Business's digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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