Target (NYSE:TGT) Downgraded to Hold Rating by Gordon Haskett

Target (NYSE:TGT) was downgraded by analysts at Gordon Haskett from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat.com reports.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Piper Sandler lowered their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Roth Mkm dropped their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. TD Cowen reduced their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, Wells Fargo & Company dropped their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock 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 given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $157.70.

Target Trading Down 3.7 %

Shares of NYSE TGT opened at $127.50 on Thursday. The stock has a market capitalization of $58.42 billion, a P/E ratio of 13.52, a PEG ratio of 2.04 and a beta of 1.15. The stock’s 50 day moving average price is $135.20 and its two-hundred day moving average price is $143.44. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 earnings per share. On average, analysts anticipate that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Creative Planning boosted its position in shares of Target by 10.3% in the 3rd quarter. Creative Planning now owns 218,600 shares of the retailer’s stock valued at $32,247,000 after purchasing an additional 20,360 shares during the period. Sumitomo Life Insurance Co. lifted its stake in Target by 2.8% during the third quarter. Sumitomo Life Insurance Co. now owns 8,417 shares of the retailer’s stock valued at $1,312,000 after buying an additional 226 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Target by 12.8% in the third quarter. Vontobel Holding Ltd. now owns 34,210 shares of the retailer’s stock worth $5,332,000 after buying an additional 3,875 shares during the period. Transform Wealth LLC increased its position in shares of Target by 9.8% in the third quarter. Transform Wealth LLC now owns 2,598 shares of the retailer’s stock worth $405,000 after acquiring an additional 232 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised 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 acquiring an additional 133 shares during the period. 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.