Target (NYSE:TGT) Price Target Lowered to $155.00 at UBS Group

Target (NYSE:TGT) had its price objective decreased by UBS Group from $170.00 to $155.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the retailer’s stock.

Several other equities analysts have also issued reports on TGT. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Roth Mkm reissued a “neutral” rating and issued a $122.00 price objective (down from $131.00) on shares of Target in a research note on Wednesday. Bank of America cut their target price on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group cut their price target on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $148.23.

Target Trading Down 0.4 %

NYSE TGT opened at $116.70 on Wednesday. Target has a 12 month low of $112.53 and a 12 month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $53.47 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The business’s 50-day moving average price is $132.91 and its two-hundred day moving average price is $141.92.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. On average, analysts expect that Target will post 8.69 EPS for the current year.

Target Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new position in Target during the 3rd quarter valued at about $49,000. Impax Asset Management Group plc grew its position in Target by 8.6% in the 3rd quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer’s stock worth $37,632,000 after purchasing an additional 19,095 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Target during the third quarter valued at $38,000. Central Bank & Trust Co. lifted its stake in shares of Target by 6.2% in the 3rd quarter. Central Bank & Trust Co. now owns 2,283 shares of the retailer’s stock worth $356,000 after purchasing an additional 134 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in Target by 11.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 11,267 shares of the retailer’s stock worth $1,756,000 after purchasing an additional 1,114 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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.