Target’s (TGT) Neutral Rating Reiterated at Roth Mkm

Target (NYSE:TGT)‘s stock had its “neutral” rating reissued by investment analysts at Roth Mkm in a report issued on Thursday, Benzinga reports. They currently have a $140.00 price objective on the retailer’s stock. Roth Mkm’s target price suggests a potential upside of 8.35% from the company’s current price.

TGT has been the topic of several other research reports. TD Cowen cut Target from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $161.00 to $148.00 in a report on Thursday. Morgan Stanley lowered their price target on shares of Target from $155.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 7th. Raymond James cut shares of Target from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 26th. HSBC assumed coverage on Target in a report on Friday, September 22nd. They set a “hold” rating and a $140.00 target price on the stock. Finally, DA Davidson reaffirmed a “buy” rating and issued a $193.00 price objective on shares of Target in a report on Wednesday, August 16th. Seventeen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Target currently has an average rating of “Hold” and an average target price of $156.16.

Target Price Performance

Shares of Target stock traded down $1.25 during midday trading on Thursday, reaching $129.21. The company had a trading volume of 9,276,974 shares, compared to its average volume of 4,585,922. The company has a current ratio of 0.83, a quick ratio of 0.18 and a debt-to-equity ratio of 1.24. The stock has a fifty day simple moving average of $112.56 and a 200 day simple moving average of $127.71. Target has a 1-year low of $102.93 and a 1-year high of $181.70. The company has a market capitalization of $59.64 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.04.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 15th. The retailer reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.62. The business had revenue of $25 billion for the quarter, compared to analyst estimates of $25.28 billion. Target had a return on equity of 29.43% and a net margin of 3.12%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 earnings per share. As a group, equities research analysts forecast that Target will post 7.56 earnings per share for the current year.

Insider Activity

In related news, insider Brian C. Cornell sold 30,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $130.70, for a total transaction of $3,921,000.00. Following the transaction, the insider now directly owns 399,669 shares in the company, valued at $52,236,738.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Plancorp LLC lifted its stake in Target by 2.1% in the first quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock valued at $535,000 after purchasing an additional 53 shares during the last quarter. Avidian Wealth Solutions LLC increased its holdings in Target by 1.3% in the 1st quarter. Avidian Wealth Solutions LLC now owns 5,230 shares of the retailer’s stock worth $866,000 after acquiring an additional 66 shares during the last quarter. Moseley Investment Management Inc. raised its stake in Target by 5.1% in the 1st quarter. Moseley Investment Management Inc. now owns 1,511 shares of the retailer’s stock valued at $250,000 after acquiring an additional 74 shares during the period. Cahaba Wealth Management Inc. lifted its holdings in Target by 3.5% during the first quarter. Cahaba Wealth Management Inc. now owns 2,280 shares of the retailer’s stock valued at $378,000 after purchasing an additional 77 shares during the last quarter. Finally, Dohj LLC boosted its position in Target by 1.9% during the second quarter. Dohj LLC now owns 4,239 shares of the retailer’s stock worth $559,000 after purchasing an additional 77 shares during the period. 78.33% of the stock is currently owned by hedge funds and other institutional investors.

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.