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.
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.
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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