Target (NYSE:TGT) Price Target Lowered to $130.00 at Evercore ISI

Target (NYSE:TGT) had its target price decreased by equities researchers at Evercore ISI from $135.00 to $130.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the retailer’s stock. Evercore ISI’s price target would suggest a potential upside of 13.26% from the stock’s previous close.

TGT has been the subject of a number of other reports. Sanford C. Bernstein increased their price target on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Piper Sandler dropped their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Roth Mkm reduced their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Guggenheim increased their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Truist Financial raised their price target on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. One investment 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, Target presently has a consensus rating of “Hold” and a consensus price target of $156.07.

Target Trading Down 2.0 %

NYSE TGT traded down $2.36 on Wednesday, reaching $114.78. The company had a trading volume of 1,486,398 shares, compared to its average volume of 5,741,656. The firm has a market cap of $52.59 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.94 and a beta of 1.15. Target has a fifty-two week low of $112.53 and a fifty-two week high of $181.86. The business has a 50 day moving average of $133.23 and a two-hundred day moving average of $142.09. 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 Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Analysts forecast that Target will post 8.69 EPS for the current year.

Hedge Funds Weigh In On Target

A number of large investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Target in the fourth quarter worth about $757,892,000. State Street Corp grew its position in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Target in the fourth quarter valued at approximately $297,122,000. Ameriprise Financial Inc. boosted its stake in shares of Target by 61.2% during the fourth quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock valued at $536,407,000 after purchasing an additional 1,506,275 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in shares of Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares during 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.