Target (NYSE:TGT) Given New $131.00 Price Target at Roth Mkm

Target (NYSE:TGT) had its price objective reduced by Roth Mkm from $157.00 to $131.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

A number of other brokerages also recently weighed in on TGT. Morgan Stanley reiterated an “overweight” rating and issued a $180.00 price target on shares of Target in a report on Wednesday, August 21st. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price on the stock in a report on Monday, August 26th. Jefferies Financial Group lifted their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Melius Research initiated coverage on shares of Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective on the stock. Finally, Daiwa America upgraded Target to a “strong-buy” rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $162.13.

Target Trading Up 2.8 %

NYSE TGT opened at $125.01 on Thursday. The company has a market capitalization of $57.59 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.27. Target has a 12 month low of $120.21 and a 12 month high of $181.86. The company’s fifty day moving average price is $151.27 and its two-hundred day moving average price is $149.61.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $2.10 EPS. As a group, research analysts predict that Target will post 9.58 earnings per share for the current fiscal year.

Target Announces Dividend

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 $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.58%. Target’s payout ratio is currently 47.51%.

Insider Buying and Selling

In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,348 shares of company stock worth $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TGT. Triad Wealth Partners LLC purchased a new stake in shares of Target in the 2nd quarter valued at approximately $25,000. Slocum Gordon & Co LLP acquired a new stake in Target during the 2nd quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the third quarter valued at $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Target in the second quarter valued at $31,000. Finally, Wolff Wiese Magana LLC boosted its position in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.