Insider Selling: Target Co. (NYSE:TGT) Insider Sells 4,173 Shares of Stock

Target Co. (NYSE:TGT) insider Christina Hennington sold 4,173 shares of Target stock in a transaction on Friday, November 19th. The stock was sold at an average price of $250.95, for a total transaction of $1,047,214.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:TGT opened at $248.76 on Thursday. The company’s 50-day moving average price is $247.07 and its two-hundred day moving average price is $243.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 0.46. Target Co. has a one year low of $166.82 and a one year high of $268.98. The stock has a market capitalization of $121.40 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 17th. The retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.83 by $0.20. Target had a net margin of 6.29% and a return on equity of 44.68%. The firm had revenue of $25.29 billion for the quarter, compared to analysts’ expectations of $24.60 billion. During the same period in the previous year, the firm posted $2.79 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts anticipate that Target Co. will post 12.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Stockholders of record on Wednesday, November 17th will be paid a dividend of $0.90 per share. The ex-dividend date is Tuesday, November 16th. This represents a $3.60 annualized dividend and a dividend yield of 1.45%. Target’s dividend payout ratio is presently 28.66%.

Target declared that its board has authorized a stock repurchase program on Wednesday, August 18th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the retailer to purchase up to 12.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of brokerages have recently weighed in on TGT. Morgan Stanley lifted their price target on shares of Target from $250.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 25th. Zacks Investment Research cut shares of Target from a “buy” rating to a “hold” rating and set a $276.00 price target on the stock. in a research report on Tuesday, October 26th. Credit Suisse Group began coverage on shares of Target in a research report on Friday, November 19th. They set an “outperform” rating and a $286.00 price target on the stock. Telsey Advisory Group lifted their price target on shares of Target from $265.00 to $305.00 and gave the stock an “outperform” rating in a research report on Friday, August 13th. Finally, Bank of America lifted their price target on shares of Target from $317.00 to $329.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $259.41.

Institutional investors have recently added to or reduced their stakes in the company. HNP Capital LLC increased its stake in shares of Target by 58.6% during the 1st quarter. HNP Capital LLC now owns 9,679 shares of the retailer’s stock worth $1,917,000 after purchasing an additional 3,575 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of Target by 6.0% during the 2nd quarter. WINTON GROUP Ltd now owns 11,640 shares of the retailer’s stock worth $2,814,000 after purchasing an additional 661 shares during the last quarter. Intersect Capital LLC increased its stake in shares of Target by 13.6% during the 2nd quarter. Intersect Capital LLC now owns 8,401 shares of the retailer’s stock worth $2,031,000 after purchasing an additional 1,003 shares during the last quarter. Alberta Investment Management Corp increased its stake in shares of Target by 61.5% during the 2nd quarter. Alberta Investment Management Corp now owns 95,754 shares of the retailer’s stock worth $23,148,000 after purchasing an additional 36,454 shares during the last quarter. Finally, Homrich & Berg increased its stake in shares of Target by 4.6% during the 2nd quarter. Homrich & Berg now owns 18,145 shares of the retailer’s stock worth $4,386,000 after purchasing an additional 792 shares during the last quarter. Institutional investors own 78.36% of the company’s stock.

About Target

Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.

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Insider Buying and Selling by Quarter for Target (NYSE:TGT)

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