Evercore ISI Lowers Target (NYSE:TGT) Price Target to $95.00

Target (NYSE:TGT) had its price objective cut by stock analysts at Evercore ISI from $100.00 to $95.00 in a research note issued on Monday. The firm currently has an “in-line” rating on the retailer’s stock. Evercore ISI’s target price would suggest a potential upside of 6.95% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Zacks Research downgraded shares of Target from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Citigroup raised their price target on shares of Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Truist Financial reduced their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Guggenheim reiterated a “buy” rating and issued a $115.00 price objective on shares of Target in a research note on Monday, October 27th. Finally, Wall Street Zen upgraded Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $108.55.

Target Stock Up 0.4%

TGT traded up $0.35 during midday trading on Monday, reaching $88.83. 6,589,054 shares of the company were exchanged, compared to its average volume of 7,278,428. The company has a market cap of $40.36 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. Target has a one year low of $85.36 and a one year high of $158.42. The company’s fifty day moving average price is $90.48 and its 200 day moving average price is $96.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same quarter last year, the company earned $2.57 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, analysts expect that Target will post 8.69 EPS for the current year.

Institutional Investors Weigh In On Target

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. San Luis Wealth Advisors LLC boosted its position in Target by 20.4% during the third quarter. San Luis Wealth Advisors LLC now owns 89,746 shares of the retailer’s stock worth $8,050,000 after purchasing an additional 15,236 shares during the period. Hancock Whitney Corp raised its position in shares of Target by 5.8% in the third quarter. Hancock Whitney Corp now owns 13,165 shares of the retailer’s stock valued at $1,181,000 after purchasing an additional 725 shares during the period. Peloton Wealth Strategists lifted its stake in shares of Target by 4.1% during the 3rd quarter. Peloton Wealth Strategists now owns 26,547 shares of the retailer’s stock valued at $2,381,000 after buying an additional 1,052 shares in the last quarter. Abel Hall LLC boosted its holdings in Target by 7.5% in the 3rd quarter. Abel Hall LLC now owns 5,158 shares of the retailer’s stock worth $463,000 after buying an additional 362 shares during the period. Finally, Keystone Financial Group purchased a new position in Target in the 3rd quarter valued at approximately $226,000. 79.73% of the stock is currently owned by institutional investors.

About Target

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.