Insider Selling: Target Insider Sells 10,706 Shares of Stock (TGT)
Target (NYSE:TGT) Insider Tina M. Schiel sold 10,706 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $60.48, for a total value of $647,498.88. Following the transaction, the insider now directly owns 40,311 shares in the company, valued at approximately $2,438,009. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on TGT. Analysts at MKM Partners reiterated a “neutral” rating on shares of Target in a research note on Thursday. Separately, analysts at Telsey Advisory Group cut their price target on shares of Target from $69.00 to $66.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Target from $58.00 to $61.00 in a research note on Thursday. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $57.88.
Shares of Target (NYSE:TGT) traded down 0.03% during mid-day trading on Friday, hitting $61.05. The stock had a trading volume of 4,566,221 shares. Target has a one year low of $54.66 and a one year high of $67.25. The stock’s 50-day moving average is $59.67 and its 200-day moving average is $59.02. The company has a market cap of $38.688 billion and a P/E ratio of 20.63. Target also was the target of some unusual options trading on Tuesday. Stock traders purchased 11,627 call options on the company. This is an increase of approximately 159% compared to the typical daily volume of 4,490 call options.
Target (NYSE:TGT) last released its earnings data on Wednesday, August 20th. The company reported $0.78 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.80 by $0.02. The company had revenue of $17.00 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the company posted $0.95 earnings per share. Target’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that Target will post $3.29 EPS for the current fiscal year.
Target Corporation sells a range of assortment of general merchandise and food in its stores. The Company’s general merchandise and CityTarget stores offer a food assortment on a smaller scale and its SuperTarget stores offer a line of food items comparable to traditional supermarkets.
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