Target Corporation (TGT) Given a $45.00 Price Target by Barclays PLC Analysts

Barclays PLC set a $45.00 price target on Target Corporation (NYSE:TGT) in a research note released on Wednesday. The firm currently has a sell rating on the retailer’s stock.

Several other analysts have also weighed in on TGT. Vetr lowered Target Corporation from a strong-buy rating to a buy rating and set a $60.28 price target on the stock. in a report on Thursday, July 20th. BidaskClub upgraded Target Corporation from a sell rating to a hold rating in a report on Monday, July 31st. MKM Partners restated a neutral rating on shares of Target Corporation in a report on Tuesday, August 15th. Gordon Haskett upgraded Target Corporation from a sell rating to a hold rating and increased their price target for the company from $47.00 to $58.00 in a report on Wednesday, August 16th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $67.00 target price (up previously from $62.00) on shares of Target Corporation in a research note on Friday, August 18th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company. Target Corporation has an average rating of Hold and a consensus target price of $62.91.

Shares of Target Corporation (NYSE:TGT) opened at $58.14 on Wednesday. Target Corporation has a twelve month low of $48.56 and a twelve month high of $79.33. The firm has a market capitalization of $30,100.00, a price-to-earnings ratio of 12.19, a P/E/G ratio of 5.38 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98.

Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. Target Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that Target Corporation will post 4.53 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is currently 52.10%.

In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its holdings in Target Corporation by 1.5% in the second quarter. State Street Corp now owns 51,944,505 shares of the retailer’s stock worth $2,716,176,000 after acquiring an additional 775,265 shares in the last quarter. BlackRock Inc. boosted its holdings in Target Corporation by 2,069.0% in the first quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock worth $2,596,495,000 after acquiring an additional 44,877,391 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Target Corporation by 0.4% in the second quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock worth $1,942,803,000 after acquiring an additional 130,252 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Target Corporation by 8.7% in the second quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after acquiring an additional 1,686,774 shares in the last quarter. Finally, Dodge & Cox boosted its holdings in Target Corporation by 83.3% in the second quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after acquiring an additional 9,102,526 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Target Corporation (NYSE:TGT)

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