Target Co. (NYSE: TGTGet a rating) insider Don H. Liu sold 8,500 shares of the company in a trade on Monday, April 18. The shares were sold at an average price of $240.00, for a total value of $2,040,000.00. Following the sale, the insider now directly owns 51,759 shares of the company, valued at approximately $12,422,160. The sale was disclosed in an SEC filing, which is available via this hyperlink.

Target inventory traded at $6.66 in midday trading on Tuesday, hitting $246.05. The company’s stock had a trading volume of 4,381,806 shares, compared to its average volume of 4,156,335. The stock has a market capitalization of $113.78 billion, a PE ratio of 17.49 , a growth price-earnings ratio of 0.99 and a beta of 1.06. The company has a current ratio of 0.99, a quick ratio of 0.35 and a debt ratio of 1.06. The company has a 50-day moving average price of $216.35 and a 200-day moving average price of $229.54. Target Co. has a 52-week low of $184.00 and a 52-week high of $268.98.

Target (NYSE: TGTGet a rating) last released its quarterly results on Tuesday, March 1. The retailer reported earnings per share of $3.19 for the quarter, beating Thomson Reuters consensus estimate of $2.86 by $0.33. The company posted revenue of $31 billion for the quarter, versus $31.40 billion expected by analysts. Target had a return on equity of 47.35% and a net margin of 6.55%. The company’s quarterly revenue increased by 10.7% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $2.67. As a group, research analysts predict Target Co. will post EPS of 14.56 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10. Shareholders of record on Wednesday, May 18 will receive a dividend of $0.90 per share. This represents an annualized dividend of $3.60 and a dividend yield of 1.46%. The ex-dividend date is Tuesday, May 17. Target’s dividend payout ratio (DPR) is currently 25.59%.

TGT has been the subject of several research reports. Jefferies Financial Group lowered its target price on Target from $260.00 to $252.00 and set a “holding” rating for the company in a Wednesday, March 2 report. JPMorgan Chase & Co. raised its price target on Target from $262.00 to $290.00 and gave the stock an “overweight” rating in a Wednesday, March 2 report. Wells Fargo & Company downgraded Target from an “overweight” rating to an “equal weight” rating and lowered its target price for the stock from $275.00 to $230.00 in a Thursday, Jan. 6, report. Gordon Haskett moved Target from a “hold” rating to a “buy” rating and raised its target price for the stock from $255.00 to $300.00 in a Friday, April 8 report. Finally, Truist Financial lowered its target price on Target from $270.00 to $261.00 and set a “buy” rating for the company in a Wednesday, March 2 report. Six investment analysts gave the stock a hold rating, seventeen gave the stock a buy rating and one gave the stock a high buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $277.23.

Several large investors have recently increased or reduced their stake in TGT. Moors & Cabot Inc. increased its stake in Target shares by 111.0% in the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the retailer worth $25,000 after acquiring 13,149 additional shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in Target stock in the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in Target stock in the fourth quarter worth approximately $28,000. Founders Capital Management bought a new position in Target in the fourth quarter worth about $29,000. Finally, Sterling Investment Advisors Ltd. increased its holdings of Target shares by 12,500.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 126 shares of the retailer worth $29,000 after buying an additional 125 shares in the last quarter. Institutional investors hold 78.08% of the company’s shares.

About the target (Get a rating)

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry groceries, dairy products and frozen products. clothing, accessories, home decor products, electronics, toys, seasonal offers, food and other merchandise; and beauty and household products.

Featured Articles

Insider buying and selling by quarter for Target (NYSE:TGT)



Get news and reviews for Target Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Target and related companies with MarketBeat.com’s free daily email newsletter.