Target Co. (NYSE:TGT) insider Robert M. Harrison sold 1,791 shares of Target stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $80.28, for a total transaction of $143,781.48. Following the completion of the sale, the insider now directly owns 12,836 shares of the company’s stock, valued at $1,030,474.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE TGT opened at $75.94 on Friday. The stock has a market capitalization of $39.15 billion, a PE ratio of 14.09, a P/E/G ratio of 2.12 and a beta of 0.65. Target Co. has a 1-year low of $60.15 and a 1-year high of $90.39. The company has a quick ratio of 0.20, a current ratio of 0.83 and a debt-to-equity ratio of 1.08.
Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.53. Target had a net margin of 3.90% and a return on equity of 25.74%. The company had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.05 billion. During the same period in the prior year, the business posted $1.37 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that Target Co. will post 5.81 EPS for the current fiscal year.
Several research firms have weighed in on TGT. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, March 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $88.00 price objective (up from $86.00) on shares of Target in a report on Wednesday, March 6th. BMO Capital Markets boosted 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 issued a $78.00 price target on shares of Target in a research report on Tuesday, February 26th. Finally, Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of Target in a research note on Friday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $88.29.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Target by 3.2% during the 4th quarter. BlackRock Inc. now owns 43,222,017 shares of the retailer’s stock worth $2,856,544,000 after buying an additional 1,334,425 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Target by 0.4% during the third quarter. Vanguard Group Inc now owns 38,331,487 shares of the retailer’s stock valued at $3,381,221,000 after acquiring an additional 151,096 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Target by 5,697.7% during the fourth 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 last quarter. AQR Capital Management LLC raised its stake in shares of Target by 114.5% during the third 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 last quarter. Finally, Northern Trust Corp raised its stake in shares of Target by 1.3% during the fourth quarter. Northern Trust Corp now owns 7,095,898 shares of the retailer’s stock valued at $468,967,000 after acquiring an additional 89,876 shares during the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.
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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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