Target (NYSE:TGT) Receives Outperform Rating from Telsey Advisory Group

Target (NYSE:TGT)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They presently have a $150.00 price target on the retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 12.73% from the company’s previous close.

A number of other research firms have also issued reports on TGT. Stifel Nicolaus lifted their target price on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Bank of America decreased their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Sanford C. Bernstein began coverage on shares of Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price on the stock. BMO Capital Markets decreased their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Finally, Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $159.07.

Target Stock Performance

Shares of Target stock opened at $133.06 on Friday. The stock has a market capitalization of $60.97 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth 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. The business has a 50-day moving average of $136.81 and a 200 day moving average of $145.31. Target has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the business posted $2.10 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Target will post 8.6 earnings per share for the current year.

Hedge Funds Weigh In On Target

A number of hedge funds and other institutional investors have recently bought and sold shares of TGT. State Street Corp increased its stake in shares of Target by 8.3% during the third 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 period. FMR LLC boosted its holdings in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC increased its position in Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after purchasing an additional 130,691 shares during the period. Legal & General Group Plc raised its stake in shares of Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after buying an additional 279,656 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after buying an additional 62,916 shares during the period. 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.