Target (NYSE:TGT) Given New $155.00 Price Target at UBS Group

Target (NYSE:TGT) had its price target dropped by research analysts at UBS Group from $170.00 to $155.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. UBS Group’s price objective suggests a potential upside of 32.82% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Telsey Advisory Group reduced their price target on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday. Oppenheimer restated an “outperform” rating and set a $165.00 price objective on shares of Target in a report on Monday, November 25th. Truist Financial dropped their target price on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday. Wells Fargo & Company decreased their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, DA Davidson reduced their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $148.73.

Target Price Performance

TGT stock traded down $0.44 during mid-day trading on Wednesday, hitting $116.70. The company had a trading volume of 7,305,973 shares, compared to its average volume of 5,894,583. The company has a market capitalization of $53.47 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a 50-day moving average price of $133.23 and a 200 day moving average price of $142.09. Target has a 12-month low of $112.53 and a 12-month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. On average, research analysts anticipate that Target will post 8.69 earnings per share for the current year.

Institutional Trading of Target

A number of hedge funds and other institutional investors have recently modified their holdings of TGT. Probity Advisors Inc. increased its position in shares of Target by 4.3% during the fourth quarter. Probity Advisors Inc. now owns 8,711 shares of the retailer’s stock valued at $1,178,000 after acquiring an additional 360 shares during the last quarter. Copley Financial Group Inc. lifted its stake in Target by 17.8% during the fourth quarter. Copley Financial Group Inc. now owns 1,883 shares of the retailer’s stock worth $255,000 after purchasing an additional 284 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Target during the fourth quarter worth $51,270,000. Azzad Asset Management Inc. ADV grew its stake in shares of Target by 1.8% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 48,131 shares of the retailer’s stock valued at $6,506,000 after buying an additional 873 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its stake in Target by 148.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 42,093 shares of the retailer’s stock worth $5,690,000 after acquiring an additional 25,134 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

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.