Target (NYSE:TGT) Stock Rating Upgraded by KGI Securities

Target (NYSE:TGT) was upgraded by equities researchers at KGI Securities to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

TGT has been the subject of several other reports. BMO Capital Markets dropped their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein upped their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $147.00.

Target Stock Performance

NYSE:TGT opened at $113.78 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a fifty-two week low of $112.53 and a fifty-two week high of $181.86. The company has a market cap of $52.13 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.94 and a beta of 1.18. The stock has a fifty day moving average price of $132.46 and a 200-day moving average price of $141.72.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. As a group, equities analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Target

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cynosure Group LLC boosted its position in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares in the last quarter. Hancock Whitney Corp boosted its holdings in Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its holdings in Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after acquiring an additional 73 shares in the last quarter. Proffitt & Goodson Inc. boosted its holdings in Target by 2.2% in the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after acquiring an additional 73 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after acquiring an additional 73 shares in the last quarter. Institutional investors 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.