The Target Corp.’s (TGT) “Buy” Rating Reiterated at Brean Capital

The Target Corp.’s (TGT) “Buy” Rating Reiterated at Brean Capital

Brean Capital reiterated their buy rating on shares of Target Corp. (NYSE:TGT) in a report published on Saturday. They currently have a $28.00 price objective on the retailer’s stock.

Other equities research analysts have also recently issued research reports about the stock. Vetr upgraded shares of Target Corp. from a hold rating to a buy rating and set a $75.70 price objective for the company in a research report on Monday, July 4th. Miller Tabak initiated coverage on shares of Target Corp. in a research report on Friday, July 29th. They issued a buy rating and a $87.00 price objective for the company. Citigroup Inc. restated a buy rating and issued a $80.00 price objective on shares of Target Corp. in a research report on Thursday, August 18th. Zacks Investment Research upgraded shares of Target Corp. from a sell rating to a hold rating in a research report on Tuesday, July 26th. Finally, Argus restated a hold rating on shares of Target Corp. in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the stock. Target Corp. has an average rating of Hold and a consensus target price of $74.49.

Shares of Target Corp. (NYSE:TGT) opened at 69.04 on Friday. The stock’s 50 day moving average is $69.36 and its 200-day moving average is $73.44. Target Corp. has a 12-month low of $65.50 and a 12-month high of $84.14. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 12.78 and a beta of 0.68.

Target Corp. (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.11. The firm earned $16.20 billion during the quarter. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 EPS. On average, analysts anticipate that Target Corp. will post $4.95 EPS for the current fiscal 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 issued a $0.60 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 3.48%. Target Corp.’s dividend payout ratio is currently 44.44%.

Several institutional investors have recently added to or reduced their stakes in TGT. Bank of Montreal Can bought a new position in Target Corp. during the second quarter valued at approximately $133,059,000. Massachusetts Financial Services Co. MA increased its position in Target Corp. by 13.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,035,746 shares of the retailer’s stock valued at $910,156,000 after buying an additional 1,545,167 shares in the last quarter. Renaissance Technologies LLC increased its position in Target Corp. by 420.3% in the first quarter. Renaissance Technologies LLC now owns 1,837,200 shares of the retailer’s stock valued at $151,165,000 after buying an additional 1,484,100 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Target Corp. during the second quarter valued at approximately $95,095,000. Finally, Dodge & Cox increased its position in Target Corp. by 12.9% in the second quarter. Dodge & Cox now owns 11,757,005 shares of the retailer’s stock valued at $820,874,000 after buying an additional 1,341,678 shares in the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.

About Target Corp.

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