Citigroup reiterated their neutral rating on shares of Target (NYSE:TGT) in a report published on Friday morning, MarketBeat Ratings reports. Citigroup currently has a $80.00 price objective on the retailer’s stock, down from their prior price objective of $86.00.
Other research analysts have also recently issued reports about the stock. Sanford C. Bernstein set a $65.00 price target on shares of Target and gave the company a buy rating in a research report on Thursday, December 14th. MKM Partners set a $77.00 price target on shares of Target and gave the company a buy rating in a research report on Thursday, December 14th. Vetr cut shares of Target from a strong-buy rating to a buy rating and set a $64.00 price target on the stock. in a research report on Monday, November 20th. ValuEngine upgraded shares of Target from a hold rating to a buy rating in a research report on Friday, December 1st. Finally, Barclays upgraded shares of Target from an underweight rating to an equal weight rating and increased their price target for the company from $45.00 to $70.00 in a research report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $69.56.
Target (TGT) opened at $75.70 on Friday. Target has a 52-week low of $48.56 and a 52-week high of $78.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The company has a market cap of $41,150.00, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 3.57 and a beta of 0.75.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Tuesday, February 20th. Target’s payout ratio is 52.10%.
In related news, insider Robert M. Harrison sold 8,557 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total value of $656,664.18. Following the completion of the sale, the insider now owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock valued at $1,185,484 in the last ninety days. 0.25% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Bedell Frazier Investment Counseling LLC purchased a new position in Target during the third quarter valued at $219,000. Westside Investment Management Inc. lifted its position in Target by 128.6% during the fourth quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock valued at $107,000 after buying an additional 900 shares during the period. Security Asset Management purchased a new position in Target during the fourth quarter valued at $115,000. Heritage Trust Co lifted its position in Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after buying an additional 1,000 shares during the period. Finally, First Mercantile Trust Co. purchased a new position in Target during the fourth quarter valued at $124,000. 87.85% of the stock is owned by institutional investors.
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.