Target (NYSE:TGT) Price Target Lowered to $155.00 at UBS Group

Target (NYSE:TGT) had its target price lowered by equities research analysts at UBS Group from $170.00 to $155.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. UBS Group’s target price suggests a potential upside of 32.82% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. StockNews.com lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup decreased their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets dropped their price target on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $148.73.

Target Stock Down 0.4 %

TGT stock traded down $0.44 during trading on Wednesday, hitting $116.70. 7,305,973 shares of the company’s stock were exchanged, compared to its average volume of 5,894,583. 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 52-week low of $112.53 and a 52-week high of $181.86. The business has a 50-day moving average price of $133.23 and a two-hundred day moving average price of $142.09. The stock has a market capitalization of $53.47 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.94 and a beta of 1.15.

Target (NYSE:TGT) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities research analysts expect that Target will post 8.69 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new stake in Target during the third quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target during the fourth quarter worth $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target in the fourth quarter valued at $29,000. MCF Advisors LLC grew its position in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

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.