Target Co. (NYSE:TGT) insider Janna A. Potts sold 8,759 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $79.00, for a total value of $691,961.00. Following the completion of the sale, the insider now owns 27,720 shares of the company’s stock, valued at $2,189,880. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TGT opened at $81.57 on Monday. Target Co. has a 12-month low of $60.15 and a 12-month high of $90.39. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 1.08. The stock has a market cap of $42.05 billion, a P/E ratio of 15.13, a PEG ratio of 1.97 and a beta of 0.65.
Target (NYSE:TGT) last posted its earnings results on Wednesday, May 22nd. The retailer reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.10. Target had a return on equity of 25.74% and a net margin of 3.90%. The firm had revenue of $17.63 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the prior year, the company earned $1.32 EPS. Target’s revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Target Co. will post 5.82 earnings per share for the current year.
TGT has been the subject of several analyst reports. Evercore ISI began coverage on Target in a report on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 price target (up from $88.00) on shares of Target in a report on Thursday, April 18th. Gordon Haskett upgraded Target from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Barclays upgraded Target from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $85.00 to $115.00 in a report on Monday, April 29th. Finally, Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Target in a report on Friday, May 3rd. Twelve equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $89.97.
A number of institutional investors and hedge funds have recently bought and sold shares of TGT. Vanguard Group Inc lifted its stake in Target by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 38,331,487 shares of the retailer’s stock worth $3,381,221,000 after acquiring an additional 151,096 shares in the last quarter. BB&T Corp raised its position in Target by 31.1% in the 4th quarter. BB&T Corp now owns 36,839 shares of the retailer’s stock valued at $2,435,000 after purchasing an additional 8,732 shares in the last quarter. Clean Yield Group acquired a new stake in Target in the 4th quarter valued at about $44,000. Tributary Capital Management LLC acquired a new stake in Target in the 4th quarter valued at about $90,000. Finally, First National Bank of Omaha raised its position in Target by 2.9% in the 4th quarter. First National Bank of Omaha now owns 44,807 shares of the retailer’s stock valued at $2,961,000 after purchasing an additional 1,273 shares in the last quarter. 82.48% of the stock is currently 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 offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
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