Piper Sandler Lowers Target (NYSE:TGT) Price Target to $124.00

Target (NYSE:TGT) had its price objective lowered by equities researchers at Piper Sandler from $132.00 to $124.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the retailer’s stock. Piper Sandler’s target price would suggest a potential upside of 7.07% from the company’s current price.

TGT has been the topic of several other reports. JPMorgan Chase & Co. reduced their price objective on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Roth Mkm dropped their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Sanford C. Bernstein increased their target price on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. Finally, Citigroup boosted their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $155.37.

Target Trading Down 1.1 %

NYSE TGT traded down $1.33 on Wednesday, hitting $115.81. 1,930,056 shares of the company were exchanged, compared to its average volume of 5,761,661. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target has a twelve month low of $112.53 and a twelve month high of $181.86. The firm has a market capitalization of $53.07 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company’s 50 day moving average price is $133.23 and its 200-day moving average price is $142.09.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Analysts predict that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Target

A number of institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Target during the 3rd quarter worth about $49,000. Impax Asset Management Group plc boosted its stake in shares of Target by 8.6% in the 3rd quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer’s stock valued at $37,632,000 after purchasing an additional 19,095 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the 3rd quarter valued at $38,000. Central Bank & Trust Co. grew its holdings in shares of Target by 6.2% in the 3rd quarter. Central Bank & Trust Co. now owns 2,283 shares of the retailer’s stock worth $356,000 after purchasing an additional 134 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in shares of Target by 11.0% during the 3rd quarter. Crestwood Advisors Group LLC now owns 11,267 shares of the retailer’s stock worth $1,756,000 after purchasing an additional 1,114 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Company Profile

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.