Target (NYSE:TGT) Price Target Lowered to $137.00 at Stifel Nicolaus

Target (NYSE:TGT) had its target price dropped by equities research analysts at Stifel Nicolaus from $165.00 to $137.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 12.27% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Guggenheim decreased their price objective on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley reissued an “overweight” rating and set a $180.00 target price on shares of Target in a research note on Wednesday, August 21st. Evercore ISI decreased their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a research report on Wednesday. Finally, Piper Sandler dropped their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.13.

Target Trading Up 0.3 %

Shares of NYSE:TGT traded up $0.31 during mid-day trading on Thursday, reaching $122.03. The stock had a trading volume of 10,063,183 shares, compared to its average volume of 4,263,103. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. Target has a twelve month low of $120.21 and a twelve month high of $181.86. The firm has a 50 day simple moving average of $152.33 and a two-hundred day simple moving average of $150.12. The firm has a market cap of $56.22 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings data 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 net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the business earned $2.10 EPS. Target’s revenue was up .9% on a year-over-year basis. On average, research analysts predict that Target will post 9.55 EPS for the current fiscal year.

Insider Transactions at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now directly 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 available at the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

Institutional Trading of Target

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. FMR LLC grew its stake in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC boosted its stake in Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after buying an additional 130,691 shares in the last quarter. Legal & General Group Plc grew its position in Target by 6.8% in the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after buying an additional 279,656 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Target by 11.4% in the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after purchasing an additional 440,307 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.