Investors Sell Target (TGT) on Strength (TGT)

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.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.53. The firm had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.05 billion. Target had a net margin of 3.90% and a return on equity of 25.74%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 EPS. As a group, analysts predict that Target Co. will post 5.79 EPS for the current year.

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.

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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.

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