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

Roth Mkm reiterated their neutral rating on shares of Target (NYSE:TGT) in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $122.00 target price on the retailer’s stock, down from their previous target price of $131.00.

Other equities analysts have also issued reports about the stock. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Citigroup cut their price target on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Bank of America lowered their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $148.23.

Target Price Performance

Shares of TGT stock opened at $116.70 on Wednesday. The stock has a 50 day moving average price of $132.91 and a 200 day moving average price of $141.92. Target has a 52-week low of $112.53 and a 52-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 firm has a market capitalization of $53.47 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.94 and a beta of 1.18.

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

Target Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new position in Target in the 4th quarter valued at about $29,000. Bernard Wealth Management Corp. acquired a new stake in Target in the 4th quarter worth about $29,000. MCF Advisors LLC increased its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during 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.