TGT has been the topic of a number of other research reports. Susquehanna Bancshares set a $95.00 target price on shares of Target and gave the stock a buy rating in a research report on Monday, March 5th. Zacks Investment Research lowered shares of Target from a buy rating to a hold rating in a research report on Tuesday, March 13th. ValuEngine upgraded shares of Target from a hold rating to a buy rating in a research report on Monday, May 14th. Wolfe Research upgraded shares of Target from a market perform rating to an outperform rating in a research report on Wednesday, May 16th. Finally, Credit Suisse Group set a $86.00 target price on shares of Target and gave the stock a buy rating in a research report on Monday, June 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $75.47.
Target traded up $0.52, reaching $76.12, during mid-day trading on Friday, according to Marketbeat Ratings. 3,438,389 shares of the stock were exchanged, compared to its average volume of 4,860,693. Target has a 1-year low of $50.04 and a 1-year high of $79.59. The firm has a market cap of $40.30 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.18 and a current ratio of 0.90.
Target (NYSE:TGT) last announced its earnings results on Wednesday, May 23rd. The retailer reported $1.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.06). Target had a return on equity of 23.34% and a net margin of 4.09%. The firm had revenue of $16.78 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the business posted $1.21 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. equities analysts predict that Target will post 5.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Wednesday, August 15th will be issued a dividend of $0.64 per share. This is a positive change from Target’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $2.56 annualized dividend and a dividend yield of 3.36%. Target’s payout ratio is presently 52.65%.
In related news, insider Don H. Liu sold 2,735 shares of Target stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $75.00, for a total transaction of $205,125.00. Following the transaction, the insider now owns 62,210 shares in the company, valued at approximately $4,665,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laysha Ward sold 43,926 shares of Target stock in a transaction on Monday, June 11th. The shares were sold at an average price of $79.33, for a total transaction of $3,484,649.58. Following the transaction, the insider now owns 90,460 shares in the company, valued at approximately $7,176,191.80. The disclosure for this sale can be found here. Insiders have sold a total of 170,186 shares of company stock worth $12,287,710 in the last 90 days. Company insiders own 0.19% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Lee Financial Co lifted its holdings in shares of Target by 168.7% during the 1st quarter. Lee Financial Co now owns 1,435 shares of the retailer’s stock valued at $100,000 after acquiring an additional 901 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Target by 128.6% during the 4th quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock valued at $107,000 after acquiring an additional 900 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Target during the 1st quarter valued at $112,000. Stelac Advisory Services LLC acquired a new position in shares of Target during the 1st quarter valued at $128,000. Finally, SWS Partners acquired a new position in shares of Target during the 4th quarter valued at $132,000. Institutional investors and hedge funds own 85.42% of the company’s stock.
Target Company Profile
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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