Target Co. (TGT) Insider Sells $656,664.18 in Stock

Target Co. (NYSE:TGT) insider Robert M. Harrison sold 8,557 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the completion of the transaction, the insider now owns 13,288 shares in the company, valued at approximately $1,019,721.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Target Co. (NYSE TGT) traded up $0.48 during midday trading on Monday, reaching $78.58. 5,619,680 shares of the company’s stock were exchanged, compared to its average volume of 9,293,063. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The company has a market cap of $42,710.00, a P/E ratio of 16.51, a P/E/G ratio of 4.12 and a beta of 0.63. Target Co. has a 52-week low of $48.56 and a 52-week high of $78.64.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The firm had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 EPS. research analysts forecast that Target Co. will post 4.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio is currently 52.10%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in Target by 1.5% in the 2nd quarter. State Street Corp now owns 51,944,505 shares of the retailer’s stock valued at $2,716,176,000 after purchasing an additional 775,265 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Target by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock worth $1,942,803,000 after acquiring an additional 130,252 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Target by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after acquiring an additional 1,686,774 shares during the period. Dodge & Cox lifted its holdings in shares of Target by 83.3% during the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after acquiring an additional 9,102,526 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Target by 7.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,738,657 shares of the retailer’s stock worth $574,680,000 after acquiring an additional 682,253 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on TGT. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price target on the stock in a research note on Saturday. MKM Partners set a $93.00 price target on shares of Target and gave the company a “buy” rating in a research note on Friday, January 12th. Vetr lowered shares of Target from a “hold” rating to a “sell” rating and set a $70.45 price target on the stock. in a research note on Thursday, January 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 price target on shares of Target in a research note on Thursday, January 11th. Finally, Deutsche Bank upgraded shares of Target from a “neutral” rating to a “positive” rating and upped their price target for the company from $57.00 to $70.00 in a research note on Wednesday, January 10th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $66.78.

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Target Company Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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

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