Target Corporation (NYSE:TGT) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The brokerage currently has a $60.06 price objective on the retailer’s stock. Vetr‘s target price would indicate a potential upside of 11.78% from the company’s previous close.
A number of other analysts have also recently weighed in on the stock. ValuEngine cut shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC restated a “hold” rating and issued a $59.00 price target (up from $56.00) on shares of Target Corporation in a report on Friday, May 19th. Zacks Investment Research upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 15th. BidaskClub upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Buckingham Research reiterated a “buy” rating and issued a $71.00 target price on shares of Target Corporation in a research note on Wednesday, April 19th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $62.93.
Target Corporation (NYSE TGT) opened at 53.73 on Monday. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The firm has a 50-day moving average of $53.31 and a 200 day moving average of $57.89. The stock has a market capitalization of $29.64 billion, a PE ratio of 11.01 and a beta of 0.60.
Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.30. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The business had revenue of $16.02 billion for the quarter, compared to analysts’ expectations of $15.63 billion. During the same period last year, the business earned $1.29 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Target Corporation will post $4.37 earnings per share for the current fiscal year.
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In related news, insider Robert M. Harrison sold 2,639 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of TGT. Tompkins Financial Corp raised its stake in shares of Target Corporation by 84.0% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer’s stock valued at $141,000 after buying an additional 781 shares during the last quarter. Cribstone Capital Management LLC raised its stake in shares of Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the last quarter. Pinnacle Bank bought a new stake in shares of Target Corporation during the first quarter valued at approximately $123,000. Finally, Peoples Financial Services CORP. raised its stake in shares of Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the last quarter. 83.21% of the stock is owned by institutional investors.
Target Corporation Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its 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.
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