Target (NYSE:TGT) Given New $82.00 Price Target at Truist Financial

Target (NYSE:TGT - Free Report) had its price target lowered by Truist Financial from $124.00 to $82.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the retailer's stock.

A number of other brokerages have also issued reports on TGT. Telsey Advisory Group decreased their target price on shares of Target from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Bank of America cut their target price on Target from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group lowered their price target on Target from $166.00 to $142.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Robert W. Baird lowered Target from an "outperform" rating to a "neutral" rating and set a $110.00 price objective for the company. in a report on Monday, April 7th. Finally, UBS Group lowered their target price on Target from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Target presently has a consensus rating of "Hold" and an average target price of $134.57.

Target Stock Performance

NYSE TGT traded up $0.06 during trading hours on Tuesday, hitting $92.77. The company had a trading volume of 10,452,844 shares, compared to its average volume of 5,549,072. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market cap of $42.26 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. Target has a fifty-two week low of $87.35 and a fifty-two week high of $171.06. The business has a fifty day simple moving average of $113.01 and a 200-day simple moving average of $131.86.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. Equities analysts predict that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.83%. Target's dividend payout ratio (DPR) is presently 50.56%.

Institutional Trading of Target

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