Target Co. (NYSE:TGT) insider Stephanie A. Lundquist sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total transaction of $180,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of TGT opened at $84.61 on Friday. The firm has a market cap of $46.43 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 2.44 and a beta of 0.70. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 1.09. Target Co. has a 1-year low of $54.04 and a 1-year high of $90.39.
Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 22nd. The retailer reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.07. Target had a net margin of 4.19% and a return on equity of 24.29%. The firm had revenue of $17.78 billion during the quarter, compared to the consensus estimate of $17.33 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Target Co. will post 5.38 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Tuesday, November 20th. Target’s payout ratio is 54.35%.
TGT has been the subject of a number of recent analyst reports. MKM Partners set a $91.00 price objective on shares of Target and gave the stock a “buy” rating in a report on Friday, June 29th. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th. Gordon Haskett upgraded shares of Target from a “hold” rating to an “accumulate” rating in a research note on Wednesday, July 25th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Tuesday, August 7th. Finally, Loop Capital set a $102.00 target price on shares of Target and gave the company a “hold” rating in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.68.
Several hedge funds have recently modified their holdings of TGT. Swedbank bought a new stake in shares of Target during the 3rd quarter valued at $198,324,000. BlackRock Inc. grew its position in shares of Target by 5.3% during the 2nd quarter. BlackRock Inc. now owns 42,770,603 shares of the retailer’s stock valued at $3,255,697,000 after acquiring an additional 2,161,982 shares during the period. Bank of Montreal Can bought a new stake in shares of Target during the 2nd quarter valued at $105,222,000. CIBC World Markets Inc. grew its position in shares of Target by 13,948.9% during the 1st quarter. CIBC World Markets Inc. now owns 811,322 shares of the retailer’s stock valued at $56,330,000 after acquiring an additional 805,547 shares during the period. Finally, Tyvor Capital LLC bought a new position in Target in the 2nd quarter worth $46,411,000. 83.52% of the stock is owned by hedge funds and other institutional investors.
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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