By otakuyassine3@gmail.com 
Target Co. (NYSE:TGT – Get Free Report) rose 0.4% during trading on Thursday . The stock traded as high as $131.77 and last traded at $131.26. Approximately 791,647 shares changed hands during trading, a decline of 83% from the average daily volume of 4,543,121 shares. The stock had previously closed at $130.70.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Wells Fargo & Company lowered their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. Truist Financial boosted their price objective on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Finally, Citigroup lowered shares of Target from a “buy” rating to a “neutral” rating and reduced their price target for the company from $188.00 to $130.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $160.57.
Read Our Latest Stock Analysis on Target
Target Price Performance
The firm’s 50 day simple moving average is $143.49 and its two-hundred day simple moving average is $146.80. 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 firm has a market capitalization of $60.16 billion, a P/E ratio of 13.92, a P/E/G ratio of 2.23 and a beta of 1.17.
Target (NYSE:TGT – Get Free Report) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period last year, the firm posted $2.10 EPS. The company’s revenue was up .9% on a year-over-year basis. As a group, analysts predict that Target Co. will post 8.6 earnings per share for the current year.
Insider Transactions at Target
In related news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.15% of the company’s stock.
Hedge Funds Weigh In On Target
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its stake in Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after purchasing an additional 1,981,458 shares during the period. Two Sigma Advisers LP increased its stake in shares of Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares in the last quarter. FMR LLC lifted its holdings in shares of Target by 11.7% during the third 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 during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Target by 711.2% during the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after purchasing an additional 768,479 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.
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.
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