Insider Selling: Calvin Darden Unloads 4,042 Shares of Target Stock (TGT)
Target (NYSE:TGT) Director Calvin Darden unloaded 4,042 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.28, for a total transaction of $243,651.76. Following the transaction, the director now directly owns 16,503 shares in the company, valued at approximately $994,801. The sale was disclosed in a document filed with the SEC, which is available at 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, August 21st. 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, August 21st. 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, August 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.74.
Target (NYSE:TGT) traded down 0.13% on Friday, hitting $60.269. 1,504,289 shares of the company’s stock traded hands. Target has a 52-week low of $54.66 and a 52-week high of $67.25. The stock has a 50-day moving average of $59.77 and a 200-day moving average of $59.17. The company has a market cap of $38.189 billion and a P/E ratio of 25.49.
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 $3.19 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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