JPMorgan Chase & Co. Lowers Target (NYSE:TGT) Price Target to $105.00

Target (NYSE:TGT) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $140.00 to $105.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 8.93% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on TGT. Roth Mkm restated a “neutral” rating and set a $122.00 target price (down previously from $131.00) on shares of Target in a report on Wednesday, March 5th. StockNews.com cut shares of Target from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Guggenheim increased their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, KGI Securities set a $132.00 target price on Target in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $131.20.

Target Stock Performance

Target stock opened at $96.39 on Friday. The company has a market cap of $43.80 billion, a PE ratio of 10.22, a PEG ratio of 1.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target has a 1 year low of $87.35 and a 1 year high of $167.40. The company’s 50-day moving average is $99.88 and its two-hundred day moving average is $123.63.

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

Institutional Investors Weigh In On Target

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nicholas Company Inc. increased its holdings in shares of Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock worth $7,544,000 after buying an additional 9,485 shares in the last quarter. River Road Asset Management LLC increased its holdings in Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after purchasing an additional 138,751 shares in the last quarter. Sierra Summit Advisors LLC increased its holdings in Target by 29.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock worth $1,940,000 after purchasing an additional 3,231 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Target in the fourth quarter valued at about $6,459,000. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares during the period. 79.73% of the stock is 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.