Weekly Changes in Target Investment Analyst Ratings (TGT)


Purpose (NYSE: TGT) recently received a number of changes in target prices and rating updates:

  • June 8, 2022 – Target’s price target was reduced by analysts from Raymond James from $ 205.00 to $ 190.00. They now have a “strong buy” rating on the shares.
  • June 8, 2022 – Target’s price target was reduced by analysts at Barclays PLC from $ 200.00 to $ 175.00. They now have an “overweight” rating on the shares.
  • June 8, 2022 – Target’s price target was reduced by analysts at Telsey Advisory Group from $ 200.00 to $ 185.00. Now they have a rating “superior” to the shares.
  • June 8, 2022 – Target’s price target was reduced by analysts at the Royal Bank of Canada from $ 239.00 to $ 231.00. Now they have a rating “superior” to the shares.
  • June 8, 2022 – The price of Target was reduced by analysts from Robert W. Baird from $ 195.00 to $ 180.00. Now they have a rating “superior” to the shares.
  • June 8, 2022 – Target was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a target price of $ 165.00 per share, which was previously a drop of $ 235.00.
  • June 8, 2022 – Target’s price target was reduced by analysts at Truist Financial Co. from $ 171.00 to $ 150.00. They now have a share hold rating.
  • June 8, 2022 – Target’s price target was reduced by Morgan Stanley analysts from $ 255.00 to $ 190.00. They now have an “equal weight” rating on the shares.
  • June 8, 2022 – The price of Target was reduced by analysts at Citigroup Inc. from $ 188.00 to $ 184.00. They now have a “buy” rating on the shares.
  • June 8, 2022 – Target’s price target was reduced by analysts at The Goldman Sachs Group, Inc. from $ 191.00 to $ 171.00. They now have a “buy” rating on the shares.
  • June 8, 2022 – Target’s price target was reduced by analysts at DA Davidson from $ 205.00 to $ 171.00. They now have a “buy” rating on the shares.
  • June 8, 2022 – Target’s price target was reduced by analysts at Guggenheim from $ 225.00 to $ 185.00. They now have a “buy” rating on the shares.
  • June 8, 2022 – Target’s price target was reduced by analysts at Deutsche Bank Aktiengesellschaft from $ 227.00 to $ 198.00. They now have a “buy” rating on the shares.
  • June 8, 2022 – Target’s price target was reduced by analysts at UBS Group AG from $ 225.00 to $ 205.00. They now have a “buy” rating on the shares.
  • May 28, 2022 – Target was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • May 23, 2022 – Target’s price target was reduced by analysts at Credit Suisse Group AG from $ 286.00 to $ 180.00. Now they have a rating “superior” to the shares.
  • May 20, 2022 – Target was downgraded by analysts at StockNews.com from a “strong buy” rating to a “buy” rating.
  • May 19, 2022 – Target’s price target was reduced by analysts at Raymond James from $ 275.00 to $ 205.00. They now have a “strong buy” rating on the shares.
  • May 19, 2022 – Target’s price target was reduced by analysts at JPMorgan Chase & Co. from $ 302.00 to $ 188.00. They now have an “overweight” rating on the shares.
  • May 19, 2022 – Target’s price target was reduced by analysts at Cowen Inc. from $ 265.00 to $ 190.00. Now they have a rating “superior” to the shares.
  • May 19, 2022 – Target’s price target was reduced by analysts at BMO Capital Markets from $ 250.00 to $ 210.00. Now they have a rating “superior” to the shares.
  • May 19, 2022 – Target’s price target was reduced by analysts at the Royal Bank of Canada from $ 294.00 to $ 239.00. Now they have a rating “superior” to the shares.
  • May 19, 2022 – The price of Target was reduced by analysts at Telsey Advisory Group from $ 305.00 to $ 200.00. Now they have a rating “superior” to the shares.
  • May 19, 2022 – The price of Target was reduced by analysts at MKM Partners from $ 253.00 to $ 180.00. They now have a “neutral” stock rating.
  • May 19, 2022 – Target’s price target was lowered by analysts at UBS Group AG to $ 225.00. They now have a share hold rating.
  • May 19, 2022 – Target’s price target was reduced by analysts at Guggenheim to $ 225.00. They now have a share hold rating.
  • May 19, 2022 – Target’s price target was reduced by analysts at Jefferies Financial Group Inc. from $ 252.00 to $ 168.00. They now have a share hold rating.
  • May 19, 2022 – Target’s price target was reduced by DA Davidson analysts from $ 293.00 to $ 205.00. They now have a “buy” rating on the shares.
  • May 19, 2022 – Target’s price target was reduced by analysts from Gordon Haskett from $ 300.00 to $ 200.00. They now have a “buy” rating on the shares.
  • May 19, 2022 – Target’s price target was reduced by analysts at The Goldman Sachs Group, Inc. from $ 290.00 to $ 191.00. They now have a “buy” rating on the shares.
  • May 19, 2022 – Target’s price target was reduced by analysts at Bank of America Co. from $ 289.00 to $ 235.00. They now have a “buy” rating on the shares.
  • May 19, 2022 – Target’s price target was reduced by analysts at Deutsche Bank Aktiengesellschaft from $ 294.00 to $ 227.00. They now have a “buy” rating on the shares.
  • May 19, 2022 – The price of Target was reduced by analysts at Citigroup Inc. from $ 274.00 to $ 188.00. They now have a “buy” rating on the shares.
  • May 18, 2022 – Target was downgraded by analysts to Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a target price of $ 185.00 for the shares, which was previously a drop of $ 270.00.
  • May 18, 2022 – Target was downgraded by analysts at Truist Financial Co. from a “buy” rating to a “hold” rating. They now have a target price of $ 261.00 per share.
  • 5/12/2022 – Target was upgraded by analysts at StockNews.com from a “buy” rating to a “strong buy” rating.

TGT opened at $ 139.30 on Monday. Target Co. has a 12-month low of $ 138.58 and a 12-month high of $ 268.98. The shares have a market capitalization of $ 64.59 billion, a price / earnings ratio of $ 11.55, a PEG ratio of $ 1.56 and a beta ratio of $ 0.96. The business has a 50-day moving average of $ 196.28 and a 200-day moving average of $ 211.80. The company has a fast ratio of 0.14, a current ratio of 0.87 and a debt-to-equity ratio of 1.24.

Target (NYSE: TGT – Get Rating) last released its quarterly earnings results on Wednesday, May 18th. The retailer reported earnings of $ 2.19 per share for the quarter, lacking a consensus estimate of $ 3.07 s ($ 0.88). The company had revenue of $ 24.83 billion for the quarter, compared to analysts’ estimates of $ 24.48 billion. Target had a return on equity of 44.75% and a net profit of 5.48%. Business revenues for the quarter increased by 4.0% on an annual basis. In the same period last year, the business reported $ 3.69 earnings per share. As a group, analysts expect Target Co. will report 8.7 earnings per share for the current year.

The business also recently unveiled a quarterly dividend that will be paid on Saturday (September 10th). The record shareholders will receive a dividend of $ 1.08 per share on Wednesday, August 17. This represents a dividend of $ 4.32 on an annual basis and a yield of 3.10%. The date of the former dividend is Tuesday, August 16. This is a positive change from Target’s previous quarterly dividend of $ 0.90. Target’s dividend payout ratio (DPR) is 29.85%.

In other news, insider Michael J. Fidelke sold 5,000 shares of the business in a deal on Monday (April 4th). The shares were sold at an average price of $ 210.19, for a total transaction of $ 1,050,950.00. Following the transaction, the insider now owns 31,130 shares of the company’s stock, valued at approximately $ 6,543,214.70. The transaction is disclosed in the legal documentation of the Securities and Exchange Commission, which is available through this link. Also, insider Kara A. Sylvester sold 2,030 shares of the company’s shares in a deal on Wednesday, April 20. The shares were sold at an average price of $ 250.00, for a total value of $ 507,500.00. Following the transaction, the insider now directly owns 7,891 shares of the company’s stock worth approximately $ 1,972,750. The revelation for this sale can be found here. In the last 90 days, insiders have sold 37,821 shares of the company worth $ 8,497,215. Corporate insiders own 0.29% of the company’s shares.

A number of institutional investors and hedge funds have recently changed holdings in TGT. Vanguard Group Inc. increased its position in Target shares by 1.4% in the first quarter. Vanguard Group Inc. already owns 43,254,086 shares of the retailer’s shares worth $ 9,179,381,000 after purchasing an additional 589,926 shares in the last quarter. State Street Corp increased its stake in Target by 0.5% in the fourth quarter. State Street Corp now owns 35,922,818 shares of the retailer’s stock worth $ 8,313,977,000 after buying an additional 191,484 shares in the last quarter. Capital World Investors increased its stake in Target shares by 22.9% in the fourth quarter. Capital World Investors now owns 8,941,995 shares of the retailer’s shares worth $ 2,069,535,000 after buying an additional 1,666,948 shares in the last quarter. Geode Capital Management LLC increased its position in Target shares by 2.0% in the fourth quarter. Geode Capital Management LLC already owns 8,187,017 shares of the retailer’s shares worth $ 1,890,357,000 after acquiring an additional 157,019 shares in the last quarter. Finally, Norges Bank bought a new stake in Target in the fourth quarter worth approximately $ 1,094,330,000. 81.83% of the shares are owned by institutional investors and hedge funds.

Target Corporation operates as a retailer of general merchandise in the United States. The company offers food assortments, including perishable products, dry food products, dairy products and frozen products; Clothing, accessories, home decor products, electronics, toys, seasonal items, food and other goods; and beauty and household items.

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