Target (NYSE:TGT) Trading Up 0.4% – Still a Buy?

Target Co. (NYSE:TGT) was up 0.4% during trading on Wednesday . The stock traded as high as $132.67 and last traded at $132.40. Approximately 1,647,679 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 4,559,011 shares. The stock had previously closed at $131.92.

Wall Street Analyst Weigh In

Several research analysts recently commented on TGT shares. TD Cowen cut their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company cut their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and cut their price target for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, BMO Capital Markets dropped their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average target price of $160.57.

Target Trading Up 0.4 %

The stock has a market cap of $60.67 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.23 and a beta of 1.17. The business’s fifty day simple moving average is $141.35 and its 200 day simple moving average is $146.31. 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 (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 earnings per share. On average, research analysts predict that Target Co. will post 8.6 EPS for the current year.

Insider Buying and Selling at Target

In related news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Target

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in shares of Target during the third quarter valued at about $28,000. Slocum Gordon & Co LLP bought a new stake in shares of Target during the second quarter valued at about $28,000. Wolff Wiese Magana LLC raised its stake in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Target in the third quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Target in the third quarter worth about $38,000. 79.73% of the stock is currently owned by 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.