Target (NYSE:TGT) Given New $167.00 Price Target at JPMorgan Chase & Co.

Target (NYSE:TGT) had its price target raised by JPMorgan Chase & Co. from $153.00 to $167.00 in a research report report published on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the retailer’s stock.

Other equities research analysts also recently issued research reports about the stock. Truist Financial increased their target price on shares of Target from $156.00 to $162.00 and gave the stock a hold rating in a research report on Thursday, August 22nd. UBS Group lifted their price objective on Target from $185.00 to $200.00 and gave the company a buy rating in a research report on Thursday, August 22nd. Evercore ISI upped their target price on Target from $158.00 to $160.00 and gave the stock an inline rating in a research report on Thursday, August 22nd. Oppenheimer reduced their price target on Target from $200.00 to $180.00 and set an outperform rating for the company in a report on Wednesday, August 14th. Finally, Daiwa Capital Markets upgraded Target from a neutral rating to an outperform rating and set a $170.00 price objective on the stock in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Target presently has a consensus rating of Moderate Buy and an average price target of $179.68.

Target Trading Up 0.1 %

NYSE TGT opened at $153.62 on Thursday. The firm’s 50 day moving average price is $147.18 and its two-hundred day moving average price is $154.89. The stock has a market cap of $71.07 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.38 and a beta of 1.19. Target has a twelve month low of $102.93 and a twelve month high of $181.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.86.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The firm had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.80 EPS. Equities analysts anticipate that Target will post 9.31 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 2.92%. This is a positive change from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s payout ratio is currently 50.28%.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Institutional Trading of Target

Several institutional investors have recently made changes to their positions in the business. Triad Wealth Partners LLC bought a new position in Target during the second quarter worth about $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Target in the 4th quarter worth approximately $28,000. Slocum Gordon & Co LLP bought a new position in shares of Target during the 2nd quarter worth approximately $28,000. Private Wealth Management Group LLC acquired a new stake in Target in the 4th quarter valued at $29,000. Finally, Scarborough Advisors LLC bought a new stake in Target in the fourth quarter valued at $29,000. 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.