Target (NYSE:TGT) Given New $115.00 Price Target at Guggenheim

Target (NYSE:TGT - Get Free Report) had its price objective cut by analysts at Guggenheim from $155.00 to $115.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the retailer's stock. Guggenheim's target price would indicate a potential upside of 21.29% from the stock's current price.

A number of other research analysts have also weighed in on the company. Barclays initiated coverage on Target in a report on Thursday, May 22nd. They issued an "equal weight" rating on the stock. Mizuho decreased their price objective on Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on Target from $105.00 to $109.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. The Goldman Sachs Group decreased their price objective on Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Finally, Jefferies Financial Group cut their target price on Target from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $116.68.

Target Price Performance

Shares of NYSE:TGT traded down $1.13 during midday trading on Tuesday, reaching $94.81. 7,032,928 shares of the company's stock traded hands, compared to its average volume of 6,025,588. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a 1 year low of $87.35 and a 1 year high of $167.40. The company has a market cap of $43.08 billion, a P/E ratio of 10.05, a PEG ratio of 1.94 and a beta of 1.27. The company has a fifty day simple moving average of $96.76 and a two-hundred day simple moving average of $119.05.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). The firm had revenue of $24.20 billion during the quarter, compared to analysts' expectations of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.03 EPS. Equities analysts predict that Target will post 8.69 EPS for the current fiscal year.

Institutional Trading of Target

Institutional investors and hedge funds have recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new stake in Target during the fourth quarter worth about $30,000. Hopwood Financial Services Inc. purchased a new stake in Target during the fourth quarter worth about $29,000. Legacy Investment Solutions LLC increased its stake in Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after purchasing an additional 85 shares during the period. OFI Invest Asset Management purchased a new stake in Target during the fourth quarter worth about $36,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Target during the fourth quarter worth about $39,000. 79.73% of the stock is currently owned by hedge funds and other 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.