Shares of Target Co. (NYSE:TGT) have been assigned an average recommendation of “Buy” from the twenty-four analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $103.75.
Several research analysts have recently issued reports on TGT shares. Guggenheim reiterated a “hold” rating on shares of Target in a report on Wednesday, August 21st. Credit Suisse Group set a $90.00 price objective on shares of Target and gave the company a “buy” rating in a report on Thursday, May 23rd. Morgan Stanley increased their price objective on shares of Target from $76.00 to $107.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Bank of America increased their price objective on shares of Target from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, UBS Group increased their price objective on shares of Target from $86.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd.
Shares of NYSE:TGT traded up $0.90 during trading hours on Thursday, hitting $107.87. The stock had a trading volume of 2,896,479 shares, compared to its average volume of 5,292,230. The stock’s fifty day simple moving average is $96.58 and its 200 day simple moving average is $85.29. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.21 and a current ratio of 0.84. The firm has a market capitalization of $54.65 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.47 and a beta of 0.53. Target has a 1-year low of $60.15 and a 1-year high of $110.94.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.45%. Target’s payout ratio is 48.98%.
In related news, insider Cathy R. Smith sold 8,412 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $104.40, for a total value of $878,212.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Edward Mcnamara sold 11,891 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $88.79, for a total transaction of $1,055,801.89. The disclosure for this sale can be found here. Insiders have sold 93,369 shares of company stock valued at $9,751,164 over the last 90 days. 0.24% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Krane Funds Advisors LLC purchased a new stake in shares of Target in the 2nd quarter valued at approximately $25,000. Advisory Alpha LLC purchased a new stake in shares of Target in the 1st quarter valued at approximately $30,000. Icon Wealth Partners LLC purchased a new stake in shares of Target in the 1st quarter valued at approximately $31,000. Larson Financial Group LLC purchased a new stake in shares of Target in the 2nd quarter valued at approximately $31,000. Finally, Phocas Financial Corp. purchased a new stake in shares of Target in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 81.82% of the company’s stock.
Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
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