Investors sold shares of Target Co. (NYSE:TGT) on strength during trading hours on Tuesday. $235.08 million flowed into the stock on the tick-up and $282.49 million flowed out of the stock on the tick-down, for a money net flow of $47.41 million out of the stock. Of all equities tracked, Target had the 0th highest net out-flow for the day. Target traded up $1.96 for the day and closed at $69.14
A number of research firms have issued reports on TGT. UBS Group raised shares of Target from a “neutral” rating to a “positive” rating in a report on Wednesday. Susquehanna Bancshares raised shares of Target from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $54.00 to $70.00 in a report on Wednesday. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price target (up from $65.00) on shares of Target in a report on Wednesday. Deutsche Bank raised shares of Target from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $57.00 to $70.00 in a report on Wednesday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price target on shares of Target in a report on Thursday. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $65.29.
The firm has a market capitalization of $38,670.00, a P/E ratio of 14.86, a PEG ratio of 8.18 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.
Target (NYSE:TGT) last announced 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. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the business posted $1.04 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. analysts expect that Target Co. will post 4.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.51%. Target’s dividend payout ratio is currently 52.10%.
In related news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TGT. Dodge & Cox raised its stake in Target by 83.3% in the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock valued at $1,047,119,000 after acquiring an additional 9,102,526 shares during the period. Capital Research Global Investors bought a new stake in shares of Target during the second quarter valued at about $235,305,000. Franklin Resources Inc. increased its position in shares of Target by 8.7% during the second quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock valued at $1,103,994,000 after buying an additional 1,686,774 shares during the period. American Century Companies Inc. increased its position in shares of Target by 45.1% during the third quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock valued at $309,101,000 after buying an additional 1,629,222 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Target by 43.4% during the second quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock valued at $197,565,000 after buying an additional 1,143,598 shares during the period. Institutional investors and hedge funds own 87.42% of the company’s stock.
WARNING: “Traders Sell Target (TGT) on Strength (TGT)” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/11/traders-sell-target-tgt-on-strength-tgt.html.
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.
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.