Stocks

Target (NYSE:TGT) Hits New 52-Week Low - Here's What Happened

Published March 12, 2025

On Monday, shares of Target Co. (NYSE:TGT - Get Free Report) reached a new 52-week low. The stock traded at a low of $111.84 before closing at $113.34, with a trading volume of over 5.4 million shares. This decline came after the stock had previously closed at $115.08.

Analyst Upgrades and Downgrades

Target has seen a variety of analyst ratings recently. Wells Fargo & Company lowered its price target for Target from $150.00 to $135.00 while maintaining an "overweight" rating on the stock as of March 5th. Meanwhile, on November 26th, Daiwa America changed its recommendation from a "strong-buy" to a "hold" rating. Also, BMO Capital Markets reduced their price target for Target from $160.00 to $120.00, issuing a "market perform" rating on November 21st. In addition, JPMorgan Chase & Co. updated their price target from $146.00 to $140.00 and maintained a "neutral" rating as of March 5th. DA Davidson also cut their price objective from $153.00 to $140.00, retaining a "buy" rating. In total, one analyst rated the stock as a sell, eighteen analysts gave it a hold rating, and fourteen assigned a buy rating. Based on the latest data from MarketBeat, Target currently holds a consensus rating of "Hold" with an average target price of $145.87.

Target Stock Down 1.2 %

The current market capitalization of Target stands at $52.12 billion, with a price-to-earnings ratio of 12.06, a PEG ratio of 1.94, and a beta of 1.18. Target's fifty-day moving average is $132.05, while the two-hundred-day moving average is $141.37. The company's liquidity ratios include a current ratio of 0.94, a quick ratio of 0.25, and a debt-to-equity ratio of 0.99.

Target Announces Dividend

Recently, Target declared a quarterly dividend, which was paid out on March 1st to shareholders who were on record by February 12th. The dividend was set at $1.12, indicating an annualized dividend of $4.48 and a dividend yield of 3.94%. Presently, the dividend payout ratio (DPR) stands at 50.56%.

Institutional Trading of Target

Recently, several large investors have adjusted their stakes in Target. Legacy Investment Solutions LLC established a new position in Target worth approximately $28,000 in the third quarter. Hopwood Financial Services Inc. also acquired a new stake in the fourth quarter, valued at about $29,000. Bernard Wealth Management Corp. made a similar purchase during the same period. Additionally, MCF Advisors LLC increased its holdings in Target by 175.3%, now owning 256 shares valued at around $35,000. Lastly, Raleigh Capital Management Inc. lifted its position by 110.7%, bringing its total to 257 shares also valued at $35,000. Currently, 79.73% of Target's stock is owned by hedge funds and other institutional investors.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company provides a wide variety of products that include apparel for all ages, beauty and personal care items, pet supplies, and household goods.