Target (NYSE:TGT) Shares Up 0.4%

Target Co. (NYSE:TGTGet Free Report)’s stock price traded up 0.4% during mid-day trading on Tuesday . The stock traded as high as $147.44 and last traded at $145.80. 1,174,692 shares changed hands during trading, a decline of 69% from the average session volume of 3,822,518 shares. The stock had previously closed at $145.23.

Analyst Ratings Changes

TGT has been the topic of several research analyst reports. Evercore ISI raised their target price on Target from $178.00 to $180.00 in a research report on Tuesday, May 21st. UBS Group cut their price objective on shares of Target from $191.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Royal Bank of Canada lowered their target price on shares of Target from $191.00 to $181.00 and set an “outperform” rating for the company in a report on Thursday, May 23rd. Tigress Financial lifted their price target on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Finally, Jefferies Financial Group boosted their price target on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.41.

Read Our Latest Research Report on TGT

Target Trading Up 0.7 %

The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The company’s fifty day moving average price is $164.47 and its two-hundred day moving average price is $150.41. The firm has a market cap of $67.69 billion, a PE ratio of 16.36, a P/E/G ratio of 1.36 and a beta of 1.17.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The firm had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. During the same quarter in the previous year, the business earned $2.05 EPS. Target’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Target Co. will post 9.37 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.38%.

Insiders Place Their Bets

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the sale, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. United Services Automobile Association raised its position in Target by 2.9% during the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after acquiring an additional 1,239 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of Target during the 4th quarter worth approximately $605,000. Nordea Investment Management AB raised its position in shares of Target by 4.9% during the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after purchasing an additional 24,066 shares during the last quarter. Asio Capital LLC lifted its stake in Target by 109.9% in the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after buying an additional 14,274 shares in the last quarter. Finally, Blue Chip Partners LLC grew its holdings in Target by 5.1% during the 4th quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock valued at $18,540,000 after buying an additional 6,348 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Company Profile

(Get Free Report)

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

Further Reading

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.