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

Target (NYSE:TGT) had its target price reduced by Evercore ISI from $100.00 to $95.00 in a report issued on Monday. Evercore ISI currently has an in-line rating on the retailer’s stock.

A number of other research firms have also recently commented on TGT. Truist Financial decreased their price objective on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. BTIG Research assumed coverage on Target in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. Cowen reaffirmed a “hold” rating on shares of Target in a research report on Monday, November 10th. Guggenheim reissued a “buy” rating and issued a $115.00 price target on shares of Target in a research report on Monday, October 27th. Finally, Royal Bank Of Canada lifted their target price on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $108.55.

Target Price Performance

Shares of NYSE TGT traded up $0.36 during midday trading on Monday, hitting $88.84. The stock had a trading volume of 6,970,739 shares, compared to its average volume of 7,280,076. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $90.48 and a 200-day simple moving average of $96.15. The company has a market capitalization of $40.37 billion, a PE ratio of 10.35, a P/E/G ratio of 2.74 and a beta of 1.19. Target has a 1 year low of $85.36 and a 1 year high of $158.42.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts expect that Target will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. Target’s dividend payout ratio (DPR) is currently 53.15%.

Institutional Trading of Target

Several institutional investors have recently added to or reduced their stakes in the business. WFA of San Diego LLC acquired a new stake in Target in the second quarter worth $25,000. Raleigh Capital Management Inc. lifted its position in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Kozak & Associates Inc. boosted its stake in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the period. Heartwood Wealth Advisors LLC acquired a new position in Target during the 3rd quarter valued at about $27,000. Finally, Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the second quarter valued at approximately $29,000. Institutional investors own 79.73% of the company’s stock.

About Target

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.