Target Co. (NYSE:TGT – Get Free Report) insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Target Trading Down 1.1 %
Shares of NYSE:TGT traded down $1.82 during trading on Wednesday, reaching $156.86. 2,654,959 shares of the company were exchanged, compared to its average volume of 4,043,923. The business’s fifty day simple moving average is $146.22 and its 200-day simple moving average is $154.77. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The firm has a market capitalization of $72.57 billion, a PE ratio of 17.60, a P/E/G ratio of 1.38 and a beta of 1.19.
Target (NYSE:TGT – Get Free Report) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. Target had a return on equity of 31.91% and a net margin of 3.87%. The business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same period in the previous year, the company posted $1.80 EPS. Target’s revenue was up 1.0% on a year-over-year basis. On average, research analysts anticipate that Target Co. will post 9.31 EPS for the current year.
Target Increases Dividend
Institutional Investors Weigh In On Target
Several hedge funds have recently modified their holdings of TGT. Farmers National Bank increased its holdings in Target by 4.0% during the second quarter. Farmers National Bank now owns 21,865 shares of the retailer’s stock valued at $3,237,000 after buying an additional 845 shares during the period. Kestra Investment Management LLC bought a new stake in Target during the 2nd quarter valued at $776,000. McGinn Penninger Investment Management Inc. increased its holdings in shares of Target by 0.4% in the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 27,937 shares of the retailer’s stock valued at $4,136,000 after acquiring an additional 120 shares during the period. Granite Bay Wealth Management LLC bought a new position in shares of Target in the 2nd quarter worth $866,000. Finally, Advisory Alpha LLC lifted its stake in shares of Target by 7.2% during the 2nd quarter. Advisory Alpha LLC now owns 1,435 shares of the retailer’s stock worth $213,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective for the company in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Target from $165.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Bank of America raised their price objective on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Roth Mkm increased their price target on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $190.00 price objective on shares of Target in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Target presently has a consensus rating of “Moderate Buy” and an average target price of $179.18.
Check Out Our Latest Stock Report on TGT
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.
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