Target (NYSE:TGT) Upgraded to Positive by UBS Group

Cornelia Mascio
Gennaio 22, 2018

Zacks Investment Research upgraded shares of Target from a "hold" rating to a "buy" rating and set a $63.00 price target for the company in a research report on Tuesday, October 10th. While talking about Performance of the Stock, Target Corp. now has a Weekly performance of 11.11%, monthly performance percentage is 24.02 percent, Quarterly performance is 27.71 percent, 6 months performance shows a percent value of 42.97% and Yearly Performance is 8.29 percent.

Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Robert W. Baird reiterated a "hold" rating and issued a $70.00 price target on shares of Target in a research report on Wednesday, January 3rd. Vetr downgraded shares of Target Corporation from a "buy" rating to a "hold" rating and set a $59.51 price target on the a research note on Tuesday, May 9th. Zacks Investment Research downgraded Target from a "buy" rating to a "hold" rating in a research report on Monday, October 23rd. Cowen and Company reaffirmed a "market perform" rating and set a $64.00 target price on shares of Target Corporation in a research note on Friday, July 14th. Morgan Stanley maintained Target Corporation (NYSE:TGT) rating on Thursday, November 16. Target presently has an average rating of "Hold" and an average target price of $66.78.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The stock had a trading volume of 7,794,516 shares, compared to its average volume of 7,220,000. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The firm has a market cap of $42,450.00, a price-to-earnings ratio of 16.41, a PEG ratio of 4.12 and a beta of 0.63.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 15th. The institutional investor held 4.30 million shares of the department and specialty retail stores company at the end of 2017Q3, valued at $253.87 million, up from 3.12 million at the end of the previous reported quarter.

Several analysts are forecasting growth estimate of Target Corp. for the current quarter to be -8.3%. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. While for the Next 5 years, the company could expect a growth of -1.38% per annum, whereas in the past Five years Target Corp. During the same period in the previous year, the firm earned $1.04 earnings per share. analysts predict that Target will post 4.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a dividend yield of 4.42%. Target's dividend payout ratio (DPR) is 52.10%.

In related news, Director Roxanne S. Austin sold 4,705 shares of the firm's stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. Company insiders own 0.25% of the company's stock.

A number of other institutional investors have also recently bought and sold shares of TGT. Naples Global Advisors LLC grew its stake in shares of Target by 53.4% during the fourth quarter. Dodge & Cox now owns 20,025,223 shares of the retailer's stock valued at $1,047,119,000 after buying an additional 9,102,526 shares during the last quarter. Wellington Shields Capital Management Llc bought 3,381 shares as the company's stock rose 10.88% with the market. Dodge & Cox raised its position in Target by 83.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 30,860 shares of the retailer's stock worth $2,014,000 after acquiring an additional 2,034 shares during the period. Schwab Charles Investment Management Inc. grew its position in Target by 6.8% in the fourth quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer's stock valued at $141,000 after purchasing an additional 1,310 shares during the last quarter.

Sandy Spring Bank cut its stake in shares of Target Corporation (NYSE:TGT) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

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