Target Co. (NYSE:TGT) Insider Laysha Ward Sells 20,000 Shares

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Target Co. (NYSE:TGT) insider Laysha Ward sold 20,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $110.23, for a total transaction of $2,204,600.00. Following the completion of the transaction, the insider now owns 88,171 shares of the company’s stock, valued at approximately $9,719,089.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

TGT opened at $108.97 on Thursday. The company has a market capitalization of $55.15 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.49 and a beta of 0.53. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.84 and a quick ratio of 0.21. Target Co. has a 1-year low of $60.15 and a 1-year high of $110.94. The business has a 50 day moving average price of $94.21 and a two-hundred day moving average price of $84.24.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.21. Target had a return on equity of 27.43% and a net margin of 4.10%. The firm had revenue of $18.42 billion during the quarter, compared to analyst estimates of $18.32 billion. During the same period last year, the company posted $1.47 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts expect that Target Co. will post 6.13 EPS for the current fiscal year.

A number of research firms have recently weighed in on TGT. Barclays set a $115.00 price target on Target and gave the company a “buy” rating in a report on Wednesday, August 21st. Cowen set a $120.00 price objective on Target and gave the stock a “buy” rating in a report on Wednesday, August 21st. Bank of America raised their target price on Target from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. set a $115.00 target price on Target and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Deutsche Bank raised Target from a “hold” rating to a “buy” rating and lifted their target price for the company from $85.00 to $99.00 in a research note on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $102.37.

Several institutional investors have recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new position in shares of Target in the 2nd quarter worth approximately $25,000. Larson Financial Group LLC bought a new stake in Target during the second quarter worth approximately $31,000. Phocas Financial Corp. acquired a new position in Target in the second quarter worth approximately $329,000. Icon Wealth Partners LLC acquired a new position in Target in the first quarter worth approximately $31,000. Finally, Advisory Alpha LLC bought a new position in shares of Target in the first quarter valued at $30,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

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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