Target (NYSE:TGT) Given New $146.00 Price Target at JPMorgan Chase & Co.

Target (NYSE:TGT) had its price target raised by JPMorgan Chase & Co. from $139.00 to $146.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the retailer’s stock.

A number of other research firms also recently issued reports on TGT. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Bank of America decreased their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Roth Mkm decreased their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $157.93.

Target Stock Down 2.6 %

Shares of Target stock opened at $124.05 on Wednesday. Target has a 1 year low of $120.21 and a 1 year high of $181.86. The business has a 50-day moving average of $134.06 and a two-hundred day moving average of $142.56. The company has a market capitalization of $56.84 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.61%. Target’s dividend payout ratio is presently 47.51%.

Hedge Funds Weigh In On Target

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LM Advisors LLC raised its holdings in Target by 60.0% in the 4th quarter. LM Advisors LLC now owns 4,800 shares of the retailer’s stock valued at $649,000 after acquiring an additional 1,800 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Target in the 4th quarter valued at $40,000. United Advisor Group LLC increased its stake in shares of Target by 7.7% in the 4th quarter. United Advisor Group LLC now owns 7,470 shares of the retailer’s stock valued at $1,010,000 after purchasing an additional 535 shares during the last quarter. Putney Financial Group LLC bought a new stake in Target during the 4th quarter worth $152,000. Finally, PVG Asset Management Corp bought a new stake in Target during the 4th quarter worth $273,000. 79.73% of the stock is owned by institutional investors and hedge funds.

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.