Target (NYSE:TGT) Price Target Raised to $90.00 at Truist Financial

Target (NYSE:TGT - Get Free Report) had its target price raised by equities researchers at Truist Financial from $82.00 to $90.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "hold" rating on the retailer's stock. Truist Financial's price objective points to a potential downside of 4.56% from the stock's current price.

Several other analysts also recently weighed in on the company. DA Davidson cut their target price on Target from $153.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Sanford C. Bernstein lowered Target from a "market perform" rating to an "underperform" rating and reduced their price target for the stock from $97.00 to $82.00 in a research report on Monday, May 12th. KGI Securities set a $132.00 price target on Target in a research report on Wednesday, March 5th. Roth Mkm reissued a "neutral" rating and issued a $122.00 price objective (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. Finally, Wall Street Zen lowered Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Target has a consensus rating of "Hold" and an average target price of $117.97.

Target Stock Performance

Shares of TGT traded down $0.76 during mid-day trading on Thursday, hitting $94.30. The stock had a trading volume of 7,371,358 shares, compared to its average volume of 6,007,003. Target has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The company has a market cap of $42.85 billion, a PE ratio of 10.00, a PEG 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 company's fifty day simple moving average is $97.28 and its two-hundred day simple moving average is $119.97.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts expect that Target will post 8.69 earnings per share for the current year.

Hedge Funds Weigh In On Target

Institutional investors and hedge funds have recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new position in Target during the 4th quarter valued at about $30,000. Hopwood Financial Services Inc. purchased a new position in Target during the 4th quarter valued at about $29,000. MCF Advisors LLC grew its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC grew its stake in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors 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.