MKM Partners started coverage on shares of Target (NYSE:TGT) in a research report released on Wednesday, BenzingaRatingsTable reports. The firm issued a sell rating and a $105.00 price target on the retailer’s stock.

A number of other equities research analysts have also recently commented on TGT. Robert W. Baird raised their price target on shares of Target from $120.00 to $135.00 and gave the stock an outperform rating in a report on Thursday, May 21st. Nomura reduced their price target on shares of Target from $131.00 to $121.00 and set a buy rating for the company in a report on Friday, April 24th. Bank of America lifted their price objective on shares of Target from $145.00 to $150.00 and gave the company a buy rating in a report on Thursday, May 21st. Credit Suisse Group reiterated a buy rating and set a $132.00 price objective on shares of Target in a report on Thursday, June 18th. Finally, Cowen reiterated a buy rating and set a $150.00 price objective on shares of Target in a report on Wednesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Target presently has a consensus rating of Buy and a consensus price target of $128.08.

NYSE:TGT opened at $125.88 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $62.29 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 4.16 and a beta of 0.79. The firm has a fifty day simple moving average of $119.96 and a two-hundred day simple moving average of $113.35. Target has a 12 month low of $80.03 and a 12 month high of $130.24.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.19. The business had revenue of $19.37 billion during the quarter, compared to analysts’ expectations of $19.04 billion. Target had a net margin of 3.46% and a return on equity of 24.17%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $1.53 earnings per share. Equities analysts predict that Target will post 4.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a $0.68 dividend. This is a positive change from Target’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, August 18th. This represents a $2.72 annualized dividend and a yield of 2.16%. Target’s payout ratio is currently 41.31%.

In other Target news, insider Brian C. Cornell sold 110,000 shares of Target stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $120.00, for a total value of $13,200,000.00. Following the sale, the insider now owns 208,502 shares of the company’s stock, valued at $25,020,240. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Don H. Liu sold 4,000 shares of Target stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $120.00, for a total transaction of $480,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,524 shares of company stock worth $16,783,219. Insiders own 0.52% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prestige Wealth Management Group LLC raised its position in shares of Target by 888.9% in the first quarter. Prestige Wealth Management Group LLC now owns 267 shares of the retailer’s stock valued at $25,000 after purchasing an additional 240 shares during the period. IMA Wealth Inc. bought a new stake in shares of Target in the first quarter valued at approximately $28,000. Vigilant Capital Management LLC raised its position in shares of Target by 689.5% in the first quarter. Vigilant Capital Management LLC now owns 450 shares of the retailer’s stock valued at $42,000 after purchasing an additional 393 shares during the period. Capital Square LLC purchased a new position in Target during the first quarter valued at approximately $42,000. Finally, Stonebridge Financial Planning Group LLC grew its stake in Target by 250.0% during the second quarter. Stonebridge Financial Planning Group LLC now owns 350 shares of the retailer’s stock valued at $42,000 after acquiring an additional 250 shares in the last quarter. 80.99% of the stock is currently owned by institutional investors.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Analyst Recommendations for Target (NYSE:TGT)

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