In yesterday’s Wall Street session, Target Corporation (NYSE:TGT) shares traded at $156.91, down -2.28% from the previous session.
As of this writing, 35 analysts cover Target Corporation (NYSE:TGT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $220.00 and a low of $155.00, we find $178.50. Given the previous closing price of $160.57, this indicates a potential upside of 11.17 percent. TGT stock price is now -2.23% away from the 50-day moving average and -2.79% away from the 200-day moving average. The market capitalization of the company currently stands at $72.83B.
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There are 15 analysts who have given it a hold rating, whereas 17 have given it a buy rating. Brokers who have rated the stock have averaged $180.17 as their price target over the next twelve months.
With the price target of $163, Barclays recently initiated with Equal Weight rating for Target Corporation (NYSE: TGT). On January 24, 2023, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $190, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’.
In other news, LIU DON H, Executive Officer sold 6,000 shares of the company’s stock on Apr 03. The stock was sold for $1,002,000 at an average price of $167.00. Upon completion of the transaction, the Executive Officer now directly owns 53,078 shares in the company, valued at $8.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31, Executive Officer LIU DON H sold 6,000 shares of the business’s stock. A total of $990,000 was realized by selling the stock at an average price of $165.00. This leaves the insider owning 59,078 shares of the company worth $9.27 million. Insiders disposed of 536,186 shares of company stock worth roughly $84.13 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TGT stock. A new stake in Target Corporation shares was purchased by PROSHARE ADVISORS LLC during the first quarter worth $174,584,000. SAMLYN CAPITAL, LLC invested $61,582,000 in shares of TGT during the first quarter. In the first quarter, OFI INVEST ASSET MANAGEMENT acquired a new stake in Target Corporation valued at approximately $26,587,000. EASTERN BANK acquired a new stake in TGT for approximately $14,112,000. HOLOCENE ADVISORS, LP purchased a new stake in TGT valued at around $11,732,000 in the second quarter. In total, there are 2,470 active investors with 81.90% ownership of the company’s stock.
Tuesday morning saw Target Corporation (NYSE: TGT) opened at $157.38. During the past 12 months, Target Corporation has had a low of $137.16 and a high of $221.65. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 0.90, and a quick ratio of 0.20. The fifty day moving average price for TGT is $160.33 and a two-hundred day moving average price translates $161.38 for the stock.
The latest earnings results from Target Corporation (NYSE: TGT) was released for Jan, 2023. According to the Discount Stores Company, earnings per share came in at $1.89, beating analysts’ expectations of $1.4 by 0.49. This compares to $3.24 EPS in the same period last year. The net profit margin was 2.50% and return on equity was 25.50% for TGT. The company reported revenue of $31.39 billion for the quarter, compared to $31.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.29 percent. For the current quarter, analysts expect TGT to generate $25.29B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/10/2023. Investors who held shares on 05/17/2023 were paid a $1.08 dividend. On an annualized basis, this represents a $4.32 dividend and a 2.75% percent yield. There was an ex-dividend date of 05/16/2023 for this dividend. In terms of dividend payout ratio, TGT is presently at 65.80%.
Target Corporation(TGT) 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. It also provides dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, and food service; electronics, which includes video game hardware and software, toys, entertainment, sporting goods, and luggage; and furniture, lighting, storage, kitchenware, small appliances, home décor, bed and bath, home improvement, school/office supplies, greeting cards and party supplies, and other seasonal merchandise. In addition, the company sells merchandise through periodic design and creative partnerships, and shop-in-shop experience; and in-store amenities. Further, it sells its products through its stores; and digital channels, including Target.com. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.
