Target (NYSE:TGT – Get Rating) will be posting its quarterly earnings results before the market opens on Tuesday, February 28th. Analysts expect Target to post earnings of $1.40 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Target Stock Down 0.8 %
Shares of NYSE:TGT opened at $173.22 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.14 and a debt-to-equity ratio of 1.29. Target has a 12 month low of $137.16 and a 12 month high of $254.87. The company has a 50-day moving average price of $160.47 and a 200 day moving average price of $161.23. The company has a market cap of $79.73 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.85 and a beta of 1.04.
Target Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Wednesday, February 15th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 14th. Target’s payout ratio is 59.18%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Telsey Advisory Group decreased their price objective on shares of Target from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, November 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $183.00 to $144.00 in a research note on Thursday, November 17th. Citigroup decreased their price objective on shares of Target from $184.00 to $177.00 and set a “buy” rating for the company in a research note on Thursday, November 17th. The Goldman Sachs Group decreased their price objective on shares of Target from $205.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, November 17th. Finally, Cowen decreased their price objective on shares of Target from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, February 15th. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.97.
Institutional Investors Weigh In On Target
Several institutional investors and hedge funds have recently made changes to their positions in TGT. Penserra Capital Management LLC acquired a new stake in shares of Target during the fourth quarter worth $35,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Target during the fourth quarter worth $66,000. Worth Asset Management LLC acquired a new position in Target during the first quarter valued at $92,000. First Command Bank lifted its position in Target by 61.5% during the second quarter. First Command Bank now owns 788 shares of the retailer’s stock valued at $111,000 after purchasing an additional 300 shares during the period. Finally, Covestor Ltd lifted its position in Target by 131.7% during the first quarter. Covestor Ltd now owns 702 shares of the retailer’s stock valued at $149,000 after purchasing an additional 399 shares during the period. 78.86% of the stock is currently owned by institutional investors and hedge funds.
Target Company Profile
Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.