Target (NYSE:TGT) Stock Rating Upgraded by KGI Securities

Target (NYSE:TGT) was upgraded by equities research analysts at KGI Securities to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. StockNews.com lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Monday. Piper Sandler lowered their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Roth Mkm restated a “neutral” rating and set a $122.00 price target (down previously from $131.00) on shares of Target in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.00.

Target Stock Down 2.4 %

TGT stock opened at $113.78 on Wednesday. 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 1-year low of $112.53 and a 1-year high of $181.86. The firm has a fifty day moving average price of $132.46 and a two-hundred day moving average price of $141.72. The firm has a market cap of $52.13 billion, a price-to-earnings ratio of 12.07, a PEG 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, 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 firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Research analysts predict that Target will post 8.69 EPS for the current year.

Institutional Trading of Target

A number of hedge funds have recently bought and sold shares of the company. Cynosure Group LLC lifted its stake in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares in the last quarter. Hancock Whitney Corp lifted its stake in Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC lifted its stake in Target by 1.1% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after buying an additional 73 shares in the last quarter. Proffitt & Goodson Inc. lifted its stake in Target by 2.2% during the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after buying an additional 73 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in Target by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after buying an additional 73 shares in the last quarter. 79.73% of the stock is 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.