Target (NYSE:TGT) had its price target lifted by research analysts at Telsey Advisory Group from $58.00 to $65.00 in a note issued to investors on Wednesday, January 3rd, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s target price indicates a potential downside of 15.36% from the stock’s previous close.

TGT has been the subject of several other research reports. Sanford C. Bernstein set a $65.00 price target on Target and gave the company a “buy” rating in a report on Thursday, December 14th. Barclays set a $45.00 price target on Target and gave the company a “sell” rating in a report on Wednesday, November 15th. MKM Partners set a $77.00 target price on Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Stifel Nicolaus cut their target price on Target from $65.00 to $62.00 and set a “hold” rating for the company in a research note on Thursday, November 16th. Finally, Vetr raised Target from a “buy” rating to a “strong-buy” rating and set a $63.69 target price for the company in a research note on Monday, November 27th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Target presently has an average rating of “Hold” and an average target price of $66.78.

Shares of Target (TGT) opened at $76.80 on Wednesday. Target has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. The company has a market capitalization of $41,750.00, a P/E ratio of 16.13, a P/E/G ratio of 4.05 and a beta of 0.63.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts forecast that Target will post 4.72 EPS for the current year.

In other news, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the transaction, the insider now directly owns 16,906 shares in the company, valued at $1,320,020.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,262 shares of company stock valued at $1,185,484. Company insiders own 0.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. IFG Advisory LLC purchased a new position in Target in the fourth quarter valued at $1,069,000. Northeast Investment Management purchased a new position in Target in the fourth quarter valued at $204,000. NewSquare Capital LLC boosted its holdings in Target by 6.6% in the fourth quarter. NewSquare Capital LLC now owns 21,647 shares of the retailer’s stock valued at $1,412,000 after purchasing an additional 1,345 shares during the period. Stumpf Capital Management LLC purchased a new position in Target in the fourth quarter valued at $1,539,000. Finally, Lenox Wealth Advisors Inc. boosted its holdings in Target by 80,400.0% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 3,220 shares of the retailer’s stock valued at $210,000 after purchasing an additional 3,216 shares during the period. Hedge funds and other institutional investors own 87.41% of the company’s stock.

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About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

Analyst Recommendations for Target (NYSE:TGT)

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