Target’s (TGT) “Neutral” Rating Reiterated at Citigroup

Target (NYSE:TGT)‘s stock had its “neutral” rating reissued by research analysts at Citigroup in a research note issued to investors on Friday, MarketBeat reports. They currently have a $80.00 price objective on the retailer’s stock, down from their previous price objective of $86.00. Citigroup’s price target suggests a potential upside of 5.68% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Vetr lowered shares of Target from a “strong-buy” rating to a “buy” rating and set a $64.00 target price for the company. in a research note on Monday, November 20th. Deutsche Bank upgraded shares of Target from a “neutral” rating to a “positive” rating and boosted their target price for the company from $57.00 to $70.00 in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Morgan Stanley lowered their target price on shares of Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research note on Thursday, November 16th. Finally, Barclays set a $45.00 target price on shares of Target and gave the company a “sell” rating in a research note on Wednesday, November 15th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $69.56.

Shares of Target (NYSE TGT) opened at $75.70 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target has a 12 month low of $48.56 and a 12 month high of $78.70. The firm has a market cap of $41,150.00, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 3.59 and a beta of 0.75.

In other news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Harrison sold 8,557 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the transaction, the insider now directly owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,262 shares of company stock valued at $1,185,484. Corporate insiders own 0.25% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC lifted its holdings in Target by 9.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 7,675 shares of the retailer’s stock worth $501,000 after purchasing an additional 693 shares during the period. Corient Capital Partners LLC lifted its holdings in Target by 11.1% in the fourth quarter. Corient Capital Partners LLC now owns 6,994 shares of the retailer’s stock worth $456,000 after purchasing an additional 699 shares during the period. White Pine Capital LLC lifted its holdings in Target by 2.7% in the fourth quarter. White Pine Capital LLC now owns 27,908 shares of the retailer’s stock worth $1,821,000 after purchasing an additional 725 shares during the period. Haverford Trust Co. lifted its holdings in Target by 4.0% in the fourth quarter. Haverford Trust Co. now owns 20,290 shares of the retailer’s stock worth $1,324,000 after purchasing an additional 775 shares during the period. Finally, BerganKDV Wealth Management LLC lifted its holdings in Target by 3.3% in the third quarter. BerganKDV Wealth Management LLC now owns 26,577 shares of the retailer’s stock worth $1,568,000 after purchasing an additional 853 shares during the period. 87.85% of the stock is owned by institutional investors and hedge funds.

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About Target

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 (NYSE:TGT)

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