Target (NYSE:TGT) Lowered to "Underperform" Rating by Sanford C. Bernstein

Target (NYSE:TGT - Get Free Report) was downgraded by stock analysts at Sanford C. Bernstein from a "market perform" rating to an "underperform" rating in a research note issued to investors on Monday,Briefing.com Automated Import reports. They presently have a $82.00 target price on the retailer's stock. Sanford C. Bernstein's price objective suggests a potential downside of 14.93% from the stock's previous close.

TGT has been the subject of a number of other research reports. KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. Gordon Haskett cut shares of Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Roth Capital set a $122.00 target price on shares of Target in a research note on Wednesday, March 5th. StockNews.com downgraded Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Telsey Advisory Group decreased their price target on Target from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $129.20.

Target Stock Down 0.6%

TGT opened at $96.39 on Monday. The company has a market cap of $43.80 billion, a PE ratio of 10.22, a P/E/G ratio of 1.94 and a beta of 1.27. 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 business has a 50 day moving average price of $99.88 and a two-hundred day moving average price of $123.45. Target has a 52 week low of $87.35 and a 52 week high of $167.40.

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

Institutional Trading of Target

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bernard Wealth Management Corp. bought a new stake in Target during the fourth quarter worth approximately $30,000. Hopwood Financial Services Inc. bought a new stake in shares of Target during the 4th quarter worth $29,000. MCF Advisors LLC grew its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC raised its holdings in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

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.

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