The Nomura Analysts Give Target Corp. (TGT) a $75.00 Price Target

The Nomura Analysts Give Target Corp. (TGT) a $75.00 Price Target

Nomura set a $75.00 price objective on Target Corp. (NYSE:TGT) in a research note released on Friday morning. The firm currently has a a hold rating on the retailer’s stock.

Several other brokerages have also recently issued reports on TGT. Jefferies Group reaffirmed a hold rating and set a $72.00 price objective on shares of Target Corp. in a report on Thursday, August 18th. Argus reaffirmed a hold rating on shares of Target Corp. in a report on Thursday, July 7th. Vetr cut Target Corp. from a strong-buy rating to a buy rating and set a $74.42 price objective for the company. in a report on Monday, September 19th. Edward Jones cut Target Corp. from a buy rating to a hold rating in a report on Wednesday, August 17th. Finally, Morgan Stanley set a $64.00 price objective on Target Corp. and gave the stock a sell rating in a report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $74.49.

Target Corp. (NYSE:TGT) opened at 68.39 on Friday. The stock has a market capitalization of $39.31 billion, a PE ratio of 12.66 and a beta of 0.68. Target Corp. has a 12-month low of $65.50 and a 12-month high of $84.14. The stock’s 50 day moving average price is $69.27 and its 200-day moving average price is $73.19.

Target Corp. (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. The business earned $16.20 billion during the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. Analysts expect that Target Corp. will post $4.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s dividend payout ratio is presently 44.44%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. boosted its position in Target Corp. by 5.1% in the third quarter. Carroll Financial Associates Inc. now owns 2,492 shares of the retailer’s stock valued at $171,000 after buying an additional 122 shares during the period. First Financial Bank N.A. Trust Division boosted its position in Target Corp. by 0.3% in the third quarter. First Financial Bank N.A. Trust Division now owns 7,208 shares of the retailer’s stock valued at $495,000 after buying an additional 22 shares during the period. Jacobs & Co. CA boosted its position in Target Corp. by 0.5% in the third quarter. Jacobs & Co. CA now owns 98,913 shares of the retailer’s stock valued at $6,793,000 after buying an additional 540 shares during the period. Fisher Asset Management LLC acquired a new position in Target Corp. during the third quarter valued at approximately $279,000. Finally, Oregon Public Employees Retirement Fund boosted its position in Target Corp. by 26.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 203,406 shares of the retailer’s stock valued at $13,970,000 after buying an additional 42,303 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Target Corp. Company Profile

Related posts

Leave a Comment