Target (NYSE:TGT) Given New $145.00 Price Target at Telsey Advisory Group

Target (NYSE:TGT) had its price objective trimmed by Telsey Advisory Group from $150.00 to $145.00 in a report published on Wednesday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the retailer’s stock.

TGT has been the subject of a number of other reports. Wells Fargo & Company decreased their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Oppenheimer reissued an “outperform” rating and set a $165.00 price objective on shares of Target in a report on Monday, November 25th. Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Finally, Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $148.23.

Target Stock Down 0.4 %

TGT stock opened at $116.70 on Wednesday. The stock’s 50 day simple moving average is $132.91 and its 200 day simple moving average is $141.92. Target has a fifty-two week low of $112.53 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market cap of $53.47 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, research analysts expect that Target will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.84%. Target’s dividend payout ratio is currently 50.56%.

Institutional Investors Weigh In On Target

Several institutional investors have recently made changes to their positions in the stock. Cynosure Group LLC lifted its position in shares of Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its position in shares of Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after buying an additional 73 shares in the last quarter. Proffitt & Goodson Inc. raised its position in shares of Target by 2.2% in the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after buying an additional 73 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its position in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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.