Target Corp. (NYSE:TGT) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage currently has a $79.09 price target on the retailer’s stock. Vetr‘s price target indicates a potential upside of 14.24% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Piper Jaffray Cos. restated an “outperform” rating and set a $86.00 price objective on shares of Target Corp. in a research note on Monday, July 25th. Zacks Investment Research cut shares of Target Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 15th. Wolfe Research cut shares of Target Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. Miller Tabak initiated coverage on shares of Target Corp. in a research note on Friday, July 29th. They set a “buy” rating and a $87.00 price objective on the stock. Finally, BMO Capital Markets restated a “market perform” rating and set a $76.00 price objective on shares of Target Corp. in a research note on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. Target Corp. currently has an average rating of “Hold” and an average target price of $77.28.
Shares of Target Corp. (NYSE:TGT) traded up 0.03% during midday trading on Monday, reaching $69.23. 7,138,033 shares of the company were exchanged. The firm’s 50 day moving average is $72.32 and its 200-day moving average is $74.99. Target Corp. has a 52-week low of $65.50 and a 52-week high of $84.14. The company has a market capitalization of $39.79 billion, a PE ratio of 12.81 and a beta of 0.68.
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Target Corp. (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The company earned $16.20 billion during the quarter. During the same period last year, the firm posted $1.22 EPS. The business’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that Target Corp. will post $4.96 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ropes Wealth Advisors LLC raised its position in shares of Target Corp. by 9.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock worth $107,000 after buying an additional 127 shares during the period. Arcadia Investment Management Corp MI raised its position in shares of Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock worth $119,000 after buying an additional 500 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock worth $154,000 after buying an additional 42 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of Target Corp. during the first quarter worth approximately $165,000. Finally, Duncker Streett & Co. Inc. raised its position in shares of Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock worth $165,000 after buying an additional 100 shares during the period. Institutional investors own 86.23% of the company’s stock.
Target Corp. Company Profile
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
To view Vetr’s full report, visit Vetr’s official website.
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