Target (NYSE:TGT) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Target (NYSE:TGT) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other analysts also recently issued reports on the stock. Guggenheim upped their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Bank of America reduced their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. BMO Capital Markets cut their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and cut their price objective for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. Finally, Evercore ISI cut their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Up 1.5 %

Shares of NYSE TGT opened at $126.11 on Friday. Target has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market capitalization of $57.79 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm’s 50-day moving average is $134.28 and its two-hundred day moving average is $142.75.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

Institutional Investors Weigh In On Target

Large investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the third quarter worth $28,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the fourth quarter worth $30,000. Hopwood Financial Services Inc. purchased a new position in shares of Target in the fourth quarter valued at $29,000. FSA Wealth Management LLC purchased a new position in shares of Target in the third quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Target in the third quarter valued at $38,000. Institutional investors and hedge funds 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.