Target (NYSE:TGT) Given New $142.00 Price Target at Sanford C. Bernstein

Target (NYSE:TGT) had its price target lifted by stock analysts at Sanford C. Bernstein from $139.00 to $142.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the retailer’s stock. Sanford C. Bernstein’s price target points to a potential downside of 0.31% from the company’s previous close.

TGT has been the subject of a number of other reports. Roth Mkm dropped their price objective 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. Daiwa Capital Markets downgraded 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 report on Tuesday, November 26th. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday, November 20th. Guggenheim lifted their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Trading Up 3.3 %

Shares of Target stock opened at $142.44 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market cap of $65.27 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.21 and a beta of 1.16. Target has a twelve month low of $120.21 and a twelve month high of $181.86. The business has a 50-day moving average price of $134.37 and a 200-day moving average price of $144.79.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 EPS. Equities research analysts anticipate that Target will post 8.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TGT. Cynosure Group LLC grew its holdings in Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the last quarter. Financial Advocates Investment Management grew its stake in Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after buying an additional 67 shares during the last quarter. Hancock Whitney Corp increased its position in Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares in the last quarter. Trust Co. of Vermont raised its stake in Target by 0.4% in the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after buying an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC boosted its holdings in Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after acquiring an additional 73 shares in the last quarter. 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.