Target (NYSE:TGT) Stock Rating Lowered by Baird R W

Target (NYSE:TGT) was downgraded by equities researchers at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

TGT has been the topic of a number of other research reports. KGI Securities set a $132.00 price objective on shares of Target in a research report on Wednesday, March 5th. DA Davidson reduced their price target on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their price objective on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $122.00 price target (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $137.48.

Target Stock Down 1.6 %

Target stock opened at $94.23 on Monday. 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 firm has a market cap of $42.93 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.94 and a beta of 1.28. The business has a fifty day moving average of $118.45 and a two-hundred day moving average of $134.16. Target has a twelve month low of $90.25 and a twelve month high of $173.05.

Target (NYSE:TGT) last issued its quarterly earnings data 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. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. On average, analysts forecast that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TGT. Bernard Wealth Management Corp. purchased a new position in shares of Target in the 4th quarter valued at about $30,000. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the fourth quarter valued at approximately $29,000. MCF Advisors LLC raised its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC lifted its position in shares of Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.