Target (NYSE:TGT) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Target's stock has retained a "hold (C-)" rating by Weiss Ratings, with varying ratings from other analysts including some suggesting it as an underperform.
• The company's latest earnings report showed earnings per share of $2.05, slightly above expectations, but revenue declined by 0.9% year-over-year.
• Target has a market capitalization of $42.87 billion and has set its Fiscal Year 2025 guidance at between 7.000-9.000 EPS.

Target (NYSE:TGT - Get Free Report)'s stock had its "hold (c-)" rating reiterated by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on the company. Wolfe Research began coverage on Target in a research note on Thursday, September 18th. They issued an "underperform" rating and a $80.00 price objective for the company. Zacks Research raised Target from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Citigroup upped their target price on Target from $94.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Royal Bank Of Canada upped their target price on Target from $104.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, Barclays reaffirmed an "underweight" rating and issued a $91.00 target price on shares of Target in a research report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $109.00.

Target Stock Up 0.1%

Shares of Target stock opened at $94.34 on Friday. The stock has a 50-day moving average price of $91.98 and a 200 day moving average price of $96.35. The company has a market cap of $42.87 billion, a P/E ratio of 11.00, a P/E/G ratio of 2.74 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target has a 1 year low of $85.36 and a 1 year high of $158.42.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, analysts expect that Target will post 8.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. increased its holdings in shares of Target by 30.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,994 shares of the retailer's stock valued at $179,000 after acquiring an additional 463 shares during the last quarter. MGO One Seven LLC grew its holdings in Target by 16.6% in the 3rd quarter. MGO One Seven LLC now owns 8,392 shares of the retailer's stock valued at $753,000 after buying an additional 1,195 shares during the last quarter. Corundum Trust Company INC acquired a new stake in Target in the 3rd quarter valued at approximately $164,000. New York State Teachers Retirement System grew its holdings in Target by 2.8% in the 3rd quarter. New York State Teachers Retirement System now owns 425,546 shares of the retailer's stock valued at $38,171,000 after buying an additional 11,770 shares during the last quarter. Finally, Associated Banc Corp grew its holdings in Target by 5.6% in the 3rd quarter. Associated Banc Corp now owns 5,958 shares of the retailer's stock valued at $534,000 after buying an additional 314 shares during the last quarter. 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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