Target (NYSE:TGT) Price Target Lowered to $120.00 at Stifel Nicolaus

Target (NYSE:TGT) had its price objective decreased by equities researchers at Stifel Nicolaus from $130.00 to $120.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ target price indicates a potential upside of 14.50% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Jefferies Financial Group reduced their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company reduced their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.55.

Target Stock Up 0.2 %

NYSE TGT opened at $104.81 on Thursday. The business’s 50-day moving average is $127.31 and its 200 day moving average is $138.71. 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 stock has a market capitalization of $47.75 billion, a PE ratio of 11.11, a PEG ratio of 1.94 and a beta of 1.18. Target has a 1 year low of $103.46 and a 1 year high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Sell-side analysts forecast that Target will post 8.69 earnings per share for the current year.

Institutional Trading of Target

Institutional investors and hedge funds have recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of Target during the third quarter valued at $28,000. Hopwood Financial Services Inc. bought a new stake in Target in the fourth quarter valued at about $29,000. Bernard Wealth Management Corp. bought a new stake in Target in the fourth quarter valued at about $29,000. MCF Advisors LLC increased its holdings in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during 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.