DA Davidson Issues Pessimistic Forecast for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its target price lowered by stock analysts at DA Davidson from $153.00 to $140.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. DA Davidson’s price target would indicate a potential upside of 21.51% from the company’s previous close.

A number of other brokerages have also weighed in on TGT. Roth Mkm reduced their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Sanford C. Bernstein lifted their target price on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and cut their target price for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $165.00 price objective on shares of Target in a research report on Monday, November 25th. One research 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.com, the company has a consensus rating of “Hold” and an average target price of $153.10.

Target Stock Down 1.6 %

Shares of NYSE TGT traded down $1.92 during mid-day trading on Wednesday, reaching $115.22. 2,347,201 shares of the company’s stock were exchanged, compared to its average volume of 5,772,870. Target has a twelve month low of $112.53 and a twelve 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 $52.80 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.94 and a beta of 1.15. The business has a fifty day simple moving average of $133.23 and a 200 day simple moving average of $142.09.

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

Institutional Investors Weigh In On Target

Institutional investors have recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in Target in the 3rd quarter worth about $28,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the fourth quarter valued at approximately $30,000. Hopwood Financial Services Inc. bought a new stake in shares of Target in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC acquired a new stake in Target during the third quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Target during the 3rd quarter worth $38,000. 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.