Target (NYSE:TGT) Given New $115.00 Price Target at JPMorgan Chase & Co.

Target (NYSE:TGT) had its target price upped by JPMorgan Chase & Co. from $100.00 to $115.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

A number of other brokerages have also recently commented on TGT. Morgan Stanley restated an “overweight” rating and set a $125.00 price target on shares of Target in a research note on Thursday, January 15th. DA Davidson set a $120.00 target price on Target in a report on Monday, January 12th. Royal Bank Of Canada decreased their price target on Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Argus lowered their price target on Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, December 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price objective on shares of Target in a report on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $105.93.

Target Trading Down 1.4%

Shares of TGT stock opened at $114.77 on Thursday. The firm has a fifty day moving average of $107.43 and a 200-day moving average of $97.76. The stock has a market cap of $51.97 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 11.80 and a beta of 1.14. Target has a 52-week low of $83.44 and a 52-week high of $127.06. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio (DPR) is presently 55.34%.

Hedge Funds Weigh In On Target

Large investors have recently modified their holdings of the stock. CWM LLC raised its position in Target by 41.5% during the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after purchasing an additional 11,378 shares in the last quarter. Twelve Points Wealth Management LLC bought a new position in shares of Target in the 3rd quarter valued at $1,236,000. NewSquare Capital LLC raised its holdings in shares of Target by 122.5% during the 2nd quarter. NewSquare Capital LLC now owns 41,719 shares of the retailer’s stock worth $4,086,000 after buying an additional 22,968 shares in the last quarter. QVR LLC bought a new stake in shares of Target during the 2nd quarter worth $11,014,000. Finally, LJI Wealth Management LLC boosted its stake in Target by 446.4% in the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after buying an additional 19,474 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target announced an exclusive Roller Rabbit spring collection (250+ items) launching March 7 — a merchandising and traffic driver that can lift comps and margin through higher-margin owned-brand and limited?time product sales. Target and Roller Rabbit Debut an Exclusive Spring Getaway Collection
• Positive Sentiment: Industry writeups highlight Target among discount-retail names to watch (Costco, Ross, Dollar General), supporting the narrative that Target can benefit from better pricing and inventory execution in the sector. Costco and 3 More Discount Retail Stocks Investors Should Watch Now
• Neutral Sentiment: JPMorgan raised its TGT price target to $115 and kept a “neutral” rating — the move is mild validation but implies limited upside from current levels, so it’s unlikely to spur a strong re-rating on its own. JPMorgan raises Target price target to $115
• Neutral Sentiment: Evercore raised its target slightly to $105 and maintained an “In Line” rating — another modestly constructive but not bullish signal ahead of earnings. Evercore Lifts Target (TGT) to $105, Maintains In Line Rating
• Neutral Sentiment: Zacks published several previews and analyses noting that while Target shows momentum and potentially attractive valuation, softer sales and margin pressure could temper Q4 expectations — this keeps guidance/earnings execution front?and?center for investors. Should You Buy, Hold or Sell Target Stock Before Q4 Earnings?
• Negative Sentiment: Sanford C. Bernstein raised its target to $91 but kept an “underperform” rating — that level implies a meaningful downside gap versus the current price, and its continued negative view is likely weighing on sentiment. Sanford C. Bernstein raises Target target to $91 (underperform)

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.