Target (NYSE:TGT) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Target (NYSE:TGT) in a report published on Thursday morning, MarketBeat reports. The brokerage issued a hold rating on the retailer’s stock.

Several other research firms have also recently weighed in on TGT. Argus decreased their price objective on shares of Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, December 1st. Cowen reaffirmed a “hold” rating on shares of Target in a report on Monday, November 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Thursday, December 18th. Piper Sandler restated a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of Target in a research report on Thursday, November 20th. Finally, Roth Capital set a $88.00 price target on Target in a research note on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $102.83.

Target Stock Performance

NYSE TGT opened at $105.52 on Thursday. The company’s 50 day simple moving average is $94.05 and its two-hundred day simple moving average is $95.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. Target has a 1 year low of $83.44 and a 1 year high of $145.08. The stock has a market capitalization of $47.78 billion, a PE ratio of 12.81, a P/E/G ratio of 11.48 and a beta of 1.12.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The firm had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same period in the previous year, the business earned $1.85 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Analysts predict that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Target

A number of large investors have recently added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new stake in shares of Target in the second quarter worth about $25,000. Raleigh Capital Management Inc. grew its position in shares of Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. increased its stake in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after buying an additional 253 shares during the period. Heartwood Wealth Advisors LLC purchased a new position in shares of Target during the third quarter valued at approximately $27,000. Finally, Investment Research & Advisory Group Inc. bought a new position in shares of Target during the second quarter valued at approximately $29,000. Institutional investors own 79.73% of the company’s stock.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.