Roth Mkm Lowers Target (NYSE:TGT) Price Target to $131.00

Target (NYSE:TGT) had its price target reduced by equities research analysts at Roth Mkm from $157.00 to $131.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the retailer’s stock. Roth Mkm’s price target indicates a potential upside of 7.62% from the stock’s previous close.

TGT has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price target on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Citigroup downgraded Target from a “buy” rating to a “neutral” rating and lowered their price target for the company from $188.00 to $130.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their price objective for the stock from $184.00 to $108.00 in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $180.00 target price on shares of Target in a report on Wednesday, August 21st. Finally, Wells Fargo & Company cut their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Target currently has an average rating of “Moderate Buy” and an average price target of $171.03.

Target Trading Down 21.2 %

Shares of Target stock opened at $121.73 on Thursday. Target has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The business’s fifty day moving average is $152.33 and its two-hundred day moving average is $150.12. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The firm has a market cap of $56.08 billion, a PE ratio of 12.58, a P/E/G ratio of 2.03 and a beta of 1.24.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the company posted $2.10 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts anticipate that Target will post 9.55 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock worth $8,290,995 over the last quarter. 0.15% of the stock is owned by company insiders.

Institutional Trading of Target

Several hedge funds have recently bought and sold shares of TGT. Triad Wealth Partners LLC acquired a new position in shares of Target during the second quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the third quarter valued at $28,000. Slocum Gordon & Co LLP acquired a new position in shares of Target in the second quarter worth about $28,000. Hobbs Group Advisors LLC purchased a new position in Target during the 2nd quarter worth approximately $31,000. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

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.