Investors sold shares of Target Co. (NYSE:TGT) on strength during trading hours on Monday. $45.32 million flowed into the stock on the tick-up and $74.10 million flowed out of the stock on the tick-down, for a money net flow of $28.78 million out of the stock. Of all equities tracked, Target had the 31st highest net out-flow for the day. Target traded up $1.25 for the day and closed at $81.98
Several research firms have issued reports on TGT. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Friday, March 8th. Telsey Advisory Group restated an “outperform” rating and set a $88.00 price target (up previously from $86.00) on shares of Target in a report on Wednesday, March 6th. BMO Capital Markets raised their price target on shares of Target from $70.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Citigroup restated a “neutral” rating and set a $78.00 price target on shares of Target in a report on Tuesday, February 26th. Finally, Standpoint Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $62.30 price target for the company in a report on Wednesday, December 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $87.25.
The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.20 and a current ratio of 0.83. The firm has a market capitalization of $41.73 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 47.50%.
In other news, insider Robert M. Harrison sold 1,791 shares of Target stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $80.28, for a total transaction of $143,781.48. Following the sale, the insider now directly owns 12,836 shares in the company, valued at approximately $1,030,474.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Edward Mcnamara sold 5,186 shares of Target stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $79.18, for a total value of $410,627.48. Following the sale, the insider now owns 77,550 shares in the company, valued at $6,140,409. The disclosure for this sale can be found here. Insiders have sold a total of 36,977 shares of company stock worth $2,774,409 over the last quarter. Company insiders own 0.19% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TGT. Oregon Public Employees Retirement Fund raised its stake in Target by 5,697.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,484,117 shares of the retailer’s stock valued at $280,000 after acquiring an additional 18,165,298 shares during the period. AQR Capital Management LLC raised its stake in Target by 114.5% in the 3rd quarter. AQR Capital Management LLC now owns 10,474,816 shares of the retailer’s stock valued at $923,984,000 after acquiring an additional 5,590,395 shares during the period. Norges Bank bought a new stake in Target in the 4th quarter valued at about $358,987,000. Boston Partners bought a new stake in Target in the 4th quarter valued at about $310,033,000. Finally, Nordea Investment Management AB raised its stake in Target by 2,417.6% in the 4th quarter. Nordea Investment Management AB now owns 1,811,859 shares of the retailer’s stock valued at $119,742,000 after acquiring an additional 1,739,892 shares during the period. Institutional investors and hedge funds own 83.89% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Investors Sell Target (TGT) on Strength (TGT)” was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/04/15/investors-sell-target-tgt-on-strength-tgt.html.
Target Company Profile (NYSE:TGT)
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
Read More: What Is An Exchange-Traded Fund (ETF)?
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.