Truist Financial Lowers Target (NYSE:TGT) Price Target to $124.00

Target (NYSE:TGT) had its target price decreased by Truist Financial from $134.00 to $124.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the retailer’s stock. Truist Financial’s price objective would indicate a potential upside of 7.32% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein boosted their target price on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. DA Davidson decreased their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company cut their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Jefferies Financial Group reduced their price target on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, 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. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $150.73.

Target Trading Down 1.4 %

Shares of NYSE TGT traded down $1.60 during mid-day trading on Wednesday, hitting $115.54. The stock had a trading volume of 3,163,082 shares, compared to its average volume of 5,794,108. Target has a 1 year low of $112.53 and a 1 year high of $181.86. The firm has a market cap of $52.94 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The business has a 50 day moving average price of $133.23 and a two-hundred day moving average price of $142.09.

Target (NYSE:TGT) last posted 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 business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, equities analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Institutional Trading of Target

Several institutional investors have recently modified their holdings of TGT. Thrivent Financial for Lutherans lifted its stake in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in Target by 25.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after acquiring an additional 3,590 shares during the period. Northeast Financial Group Inc. acquired a new position in Target in the 4th quarter valued at approximately $1,566,000. D.A. Davidson & CO. increased its stake in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after buying an additional 9,510 shares during the period. Finally, LMG Wealth Partners LLC acquired a new stake in shares of Target during the 4th quarter valued at $1,438,000. Institutional investors and hedge funds 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.