Target (NYSE:TGT) Price Target Raised to $146.00

Target (NYSE:TGT) had its target price boosted by JPMorgan Chase & Co. from $139.00 to $146.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

A number of other research firms have also commented on TGT. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday, January 17th. Guggenheim upped their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Sanford C. Bernstein boosted their price objective on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Finally, StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Target has an average rating of “Hold” and an average price target of $157.93.

Target Trading Down 2.6 %

NYSE TGT opened at $124.05 on Wednesday. The business’s 50-day moving average price is $134.06 and its two-hundred day moving average price is $142.56. Target has a 12 month low of $120.21 and a 12 month high of $181.86. The firm has a market capitalization of $56.84 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Hedge Funds Weigh In On Target

Several institutional investors have recently modified their holdings of TGT. abrdn plc grew its holdings in shares of Target by 5.8% in the third quarter. abrdn plc now owns 676,770 shares of the retailer’s stock valued at $104,436,000 after acquiring an additional 37,353 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in shares of Target by 15.5% in the third quarter. Fidelis Capital Partners LLC now owns 5,639 shares of the retailer’s stock valued at $835,000 after acquiring an additional 755 shares in the last quarter. Avitas Wealth Management LLC grew its holdings in shares of Target by 1.2% in the third quarter. Avitas Wealth Management LLC now owns 29,551 shares of the retailer’s stock valued at $4,606,000 after acquiring an additional 347 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of Target by 16.4% in the third quarter. Mutual Advisors LLC now owns 21,386 shares of the retailer’s stock valued at $3,212,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Trajan Wealth LLC grew its holdings in shares of Target by 15.6% in the third quarter. Trajan Wealth LLC now owns 52,650 shares of the retailer’s stock valued at $8,206,000 after acquiring an additional 7,093 shares in the last quarter. 79.73% of the stock is owned by 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.