Traders Sell Shares of Target (TGT) on Strength (TGT)

Investors sold shares of Target Co. (NYSE:TGT) on strength during trading hours on Wednesday. $59.65 million flowed into the stock on the tick-up and $130.34 million flowed out of the stock on the tick-down, for a money net flow of $70.69 million out of the stock. Of all stocks tracked, Target had the 7th highest net out-flow for the day. Target traded up $0.10 for the day and closed at $72.96

A number of analysts have issued reports on the stock. Vetr cut shares of Target from a “hold” rating to a “sell” rating and set a $73.66 target price for the company. in a research note on Thursday, February 15th. Citigroup reiterated a “neutral” rating and issued a $80.00 target price (down from $86.00) on shares of Target in a research note on Friday, February 16th. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Cowen set a $80.00 price objective on shares of Target and gave the stock a “hold” rating in a research note on Thursday, February 8th. Finally, Robert W. Baird upgraded shares of Target from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $75.00 to $85.00 in a research note on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Target has an average rating of “Hold” and an average price target of $69.56.

The company has a market capitalization of $39,660.00, a PE ratio of 15.33, a PEG ratio of 3.57 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27.

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is currently 52.10%.

In related news, insider Stephanie A. Lundquist sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the transaction, the insider now owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The disclosure for this sale can be found here. Insiders have sold 16,262 shares of company stock worth $1,185,484 in the last ninety days. 0.20% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in TGT. American Century Companies Inc. increased its holdings in Target by 45.1% in the 3rd 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. TIAA CREF Investment Management LLC increased its holdings in Target by 85.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 3,299,194 shares of the retailer’s stock valued at $215,272,000 after buying an additional 1,515,618 shares during the period. Miller Howard Investments Inc. NY bought a new stake in Target in the 3rd quarter valued at $65,948,000. Dimensional Fund Advisors LP increased its holdings in Target by 49.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,186,874 shares of the retailer’s stock valued at $188,052,000 after buying an additional 1,058,000 shares during the period. Finally, Teachers Advisors LLC increased its holdings in Target by 101.8% in the 4th quarter. Teachers Advisors LLC now owns 1,879,844 shares of the retailer’s stock valued at $122,660,000 after buying an additional 948,075 shares during the period. 88.32% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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