BMO Capital Markets Cuts Target (NYSE:TGT) Price Target to $95.00

Target (NYSE:TGT - Get Free Report) had its price target dropped by research analysts at BMO Capital Markets from $100.00 to $95.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "market perform" rating on the retailer's stock. BMO Capital Markets' price target would indicate a potential downside of 0.53% from the company's current price.

A number of other equities research analysts have also commented on the company. Telsey Advisory Group lowered Target from an "outperform" rating to a "market perform" rating and set a $110.00 price target on the stock. in a research report on Thursday. Sanford C. Bernstein downgraded shares of Target from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $97.00 to $82.00 in a research report on Monday, May 12th. Roth Mkm restated a "neutral" rating and issued a $122.00 price target (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Truist Financial upped 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, Robert W. Baird downgraded shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 target price for the company. in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $122.10.

Target Trading Up 2.7%

NYSE TGT traded up $2.49 during trading hours on Thursday, reaching $95.50. The company's stock had a trading volume of 2,520,897 shares, compared to its average volume of 6,011,676. The firm has a fifty day simple moving average of $97.70 and a 200-day simple moving average of $120.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target has a 52 week low of $87.35 and a 52 week high of $167.40. The stock has a market cap of $43.39 billion, a P/E ratio of 10.13, a P/E/G ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last released 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. During the same period in the previous year, the business posted $2.03 EPS. Target's revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Target

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nicholas Company Inc. raised its holdings in shares of Target by 20.5% in the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock valued at $7,544,000 after purchasing an additional 9,485 shares during the last quarter. River Road Asset Management LLC increased its stake in Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock valued at $31,699,000 after buying an additional 138,751 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in Target in the 4th quarter valued at about $6,459,000. Sierra Summit Advisors LLC lifted its position in shares of Target by 29.0% during the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock worth $1,940,000 after buying an additional 3,231 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of Target by 25.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock worth $2,430,000 after buying an additional 3,590 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other 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.

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