Target (NYSE:TGT) Price Target Lowered to $94.00 at Citigroup

Target (NYSE:TGT) had its price objective trimmed by Citigroup from $97.00 to $94.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the retailer’s stock.

Several other research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Roth Mkm reiterated a “neutral” rating and issued a $122.00 price target (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Truist Financial raised their price objective on shares of Target from $82.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada decreased their target price on shares of Target from $112.00 to $103.00 and set an “outperform” rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $117.97.

Target Stock Down 0.8%

Shares of NYSE TGT opened at $94.30 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target has a 12 month low of $87.35 and a 12 month high of $167.40. The firm has a market capitalization of $42.85 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The firm has a fifty day simple moving average of $97.28 and a two-hundred day simple moving average of $119.97.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). The business had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.03 earnings per share. Equities analysts expect that Target will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.75%. Target’s dividend payout ratio (DPR) is 49.23%.

Institutional Trading of Target

Several large investors have recently added to or reduced their stakes in the business. Horrell Capital Management Inc. grew its position in Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after buying an additional 76 shares during the period. Fiducient Advisors LLC lifted its holdings in Target by 4.6% during the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock valued at $240,000 after purchasing an additional 78 shares in the last quarter. First PREMIER Bank lifted its holdings in Target by 21.9% during the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock valued at $61,000 after purchasing an additional 80 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in Target by 0.4% during the fourth quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer’s stock valued at $2,513,000 after purchasing an additional 82 shares in the last quarter. Finally, Napatree Capital LLC lifted its holdings in Target by 2.4% during the fourth quarter. Napatree Capital LLC now owns 3,609 shares of the retailer’s stock valued at $488,000 after purchasing an additional 85 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target 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.