Target (NYSE:TGT) Price Target Raised to $133.00 at Citigroup

Target (NYSE:TGT) had its price target lifted by Citigroup from $130.00 to $133.00 in a report released on Friday,Benzinga reports. Citigroup currently has a neutral rating on the retailer’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Melius Research started coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Bank of America lowered their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Guggenheim lowered their price target on Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Piper Sandler lowered their price target on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $158.23.

Target Price Performance

Shares of TGT stock opened at $133.62 on Friday. Target has a 1-year low of $120.21 and a 1-year high of $181.86. The stock’s 50-day moving average is $136.45 and its 200 day moving average is $145.23. The company has a market cap of $61.22 billion, a P/E ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. 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 issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the business earned $2.10 EPS. Target’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts predict that Target will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Institutional Trading of Target

Institutional investors and hedge funds have recently made changes to their positions in the business. Hedges Asset Management LLC boosted its stake in shares of Target by 78.5% in the fourth quarter. Hedges Asset Management LLC now owns 7,050 shares of the retailer’s stock worth $953,000 after acquiring an additional 3,100 shares during the last quarter. Secure Asset Management LLC boosted its stake in shares of Target by 13.7% in the fourth quarter. Secure Asset Management LLC now owns 13,663 shares of the retailer’s stock worth $1,847,000 after acquiring an additional 1,648 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Target by 8.9% in the fourth quarter. Avior Wealth Management LLC now owns 4,700 shares of the retailer’s stock worth $635,000 after acquiring an additional 384 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of Target by 46.8% in the fourth quarter. Mutual Advisors LLC now owns 31,392 shares of the retailer’s stock worth $4,183,000 after acquiring an additional 10,006 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

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.