Investors Sell Target (TGT) on Strength (TGT)

Traders 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 stocks tracked, Target had the 28th highest net out-flow for the day. Target traded up $1.96 for the day and closed at $69.14

TGT has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed a “market weight” rating on shares of Target in a research report on Thursday, September 14th. TheStreet raised Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Zacks Investment Research raised 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. MKM Partners initiated coverage on Target in a research report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price target for the company. Finally, Stifel Nicolaus set a $60.00 price target on Target and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $63.81.

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 firm has a market cap of $37,580.00, a PE ratio of 14.53, a price-to-earnings-growth ratio of 8.18 and a beta of 0.63.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. research analysts predict that Target Co. will post 4.57 EPS for the current year.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TGT. Heritage Trust Co raised its holdings in Target by 129.7% in the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after acquiring an additional 1,000 shares in the last quarter. SevenBridge Financial Group LLC raised its holdings in Target by 2,200.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after acquiring an additional 1,826 shares in the last quarter. Parallel Advisors LLC raised its holdings in Target by 23.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after acquiring an additional 399 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in Target by 109.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Sandy Spring Bank raised its holdings in Target by 6.7% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after acquiring an additional 185 shares in the last quarter. 87.42% of the stock is owned by hedge funds and other institutional investors.

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About Target

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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