Target Co. (TGT) Director Roxanne S. Austin Sells 4,705 Shares

Target Co. (NYSE:TGT) Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Target Co. (NYSE:TGT) opened at $64.08 on Tuesday. Target Co. has a one year low of $48.56 and a one year high of $78.00. The stock has a market cap of $34,022.23, a price-to-earnings ratio of 13.04, a P/E/G ratio of 7.80 and a beta of 0.64. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter last year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts expect that Target Co. will post 4.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Wednesday, November 15th were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 3.87%. Target’s dividend payout ratio is currently 51.88%.

A number of institutional investors have recently added to or reduced their stakes in TGT. Dodge & Cox grew 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 acquired a new stake in Target during the 2nd quarter worth $235,305,000. Franklin Resources Inc. boosted its stake in Target by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after purchasing an additional 1,686,774 shares during the last quarter. American Century Companies Inc. boosted its stake in Target by 45.1% during the 3rd quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock worth $309,101,000 after purchasing an additional 1,629,222 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Target by 43.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock worth $197,565,000 after purchasing an additional 1,143,598 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

TGT has been the subject of several research analyst reports. TheStreet raised shares of Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, October 10th. Morgan Stanley reduced their price target on shares of Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research report on Thursday, November 16th. MKM Partners assumed coverage on shares of Target in a research report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price target for the company. Finally, Wells Fargo & Company assumed coverage on shares of Target in a research report on Friday, November 3rd. They set a “market perform” rating and a $62.00 price target for the company. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.44.

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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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