Target Co. (TGT) Insider Robert M. Harrison Sells 1,791 Shares

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.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.37%. Target’s payout ratio is presently 47.50%.

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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Insider Buying and Selling by Quarter for Target (NYSE:TGT)

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