Target (NYSE:TGT) Price Target Cut to $95.00 by Analysts at Citigroup

Target (NYSE:TGT) had its price objective reduced by research analysts at Citigroup from $120.00 to $95.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the retailer’s stock. Citigroup’s target price suggests a potential upside of 2.04% from the stock’s current price.

Several other equities research analysts have also recently weighed in on TGT. Oppenheimer reduced their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Guggenheim increased their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Stifel Nicolaus dropped their price objective on shares of Target from $130.00 to $120.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Finally, Mizuho started coverage on Target in a research report on Friday, April 11th. They set a “neutral” rating and a $92.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $132.37.

Target Stock Performance

Shares of NYSE:TGT traded up $2.64 during trading on Thursday, reaching $93.10. The stock had a trading volume of 3,568,291 shares, compared to its average volume of 5,585,452. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $110.53 and a two-hundred day simple moving average of $130.71. The firm has a market capitalization of $42.41 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 1.94 and a beta of 1.28. Target has a 52 week low of $87.35 and a 52 week high of $169.09.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion during 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%. As a group, analysts anticipate that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Trading of Target

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Invst LLC grew its holdings in shares of Target by 2.4% in the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer’s stock valued at $1,833,000 after buying an additional 276 shares during the period. Westside Investment Management Inc. grew its stake in Target by 5.6% in the third quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock valued at $257,000 after acquiring an additional 90 shares during the period. World Investment Advisors LLC increased its holdings in shares of Target by 142.5% in the third quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer’s stock worth $1,026,000 after acquiring an additional 3,870 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in shares of Target during the third quarter worth about $1,684,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Target by 331.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer’s stock valued at $2,242,000 after purchasing an additional 11,054 shares in the last quarter. 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.