Target (NYSE:TGT) Earns “Neutral” Rating from Roth Capital

Target (NYSE:TGT)‘s stock had its “neutral” rating reaffirmed by stock analysts at Roth Capital in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $90.00 price target on the retailer’s stock. Roth Capital’s price objective would indicate a potential upside of 5.11% from the company’s current price.

TGT has been the subject of a number of other research reports. DA Davidson cut their price objective on shares of Target from $115.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Bank of America reaffirmed an “underperform” rating and issued a $93.00 target price (down from $105.00) on shares of Target in a report on Friday, August 15th. JPMorgan Chase & Co. dropped their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Guggenheim restated a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Monday, October 27th. Finally, Citigroup increased their target price on Target from $94.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Nine investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $107.52.

Target Price Performance

NYSE TGT traded down $2.90 on Wednesday, hitting $85.63. The company had a trading volume of 13,920,341 shares, compared to its average volume of 7,324,735. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The company’s fifty day moving average price is $90.43 and its 200-day moving average price is $96.09. The company has a market capitalization of $38.91 billion, a PE ratio of 9.99, a PEG ratio of 2.74 and a beta of 1.19. Target has a 12-month low of $85.36 and a 12-month high of $145.08.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. The firm had revenue of $25.28 billion during the quarter, compared to the consensus estimate of $25.44 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, analysts predict that Target will post 8.69 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. raised its holdings in shares of Target by 48.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock worth $8,786,000 after acquiring an additional 27,329 shares during the period. Precedent Wealth Partners LLC increased its position in Target by 27.7% during the second quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock worth $1,303,000 after buying an additional 2,869 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Target in the first quarter valued at approximately $4,623,000. Mattern Capital Management LLC increased its holdings in shares of Target by 7.6% during the 2nd quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock worth $7,809,000 after acquiring an additional 5,573 shares during the last quarter. Finally, Northern Financial Advisors Inc bought a new stake in Target in the 2nd quarter valued at $370,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.