Target (NYSE:TGT) Stock Price Up 1.5%

Target Co. (NYSE:TGTGet Free Report) was up 1.5% on Friday . The stock traded as high as $177.40 and last traded at $177.21. Approximately 3,716,230 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 5,112,073 shares. The stock had previously closed at $174.67.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. Guggenheim boosted their price target on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. HSBC upgraded shares of Target from a “hold” rating to a “buy” rating and upped their price target for the company from $140.00 to $195.00 in a research note on Wednesday, March 6th. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Tigress Financial boosted their price objective on shares of Target from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded Target from a “hold” rating to a “buy” rating and raised their target price for the stock from $149.00 to $206.00 in a research note on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.73.

Read Our Latest Stock Analysis on Target

Target Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The stock’s fifty day moving average is $155.53 and its 200-day moving average is $135.32. The stock has a market capitalization of $81.82 billion, a PE ratio of 19.84, a P/E/G ratio of 1.66 and a beta of 1.13.

Target (NYSE:TGTGet Free Report) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The business had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same period in the prior year, the company posted $1.89 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Insider Activity

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock worth $8,819,598 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Target

Hedge funds and other institutional investors have recently modified their holdings of the business. Moneta Group Investment Advisors LLC boosted its stake in Target by 95,980.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock worth $2,762,865,000 after buying an additional 18,518,448 shares during the last quarter. Norges Bank acquired a new position in shares of Target during the 4th quarter valued at about $759,810,000. International Assets Investment Management LLC grew its holdings in shares of Target by 15,009.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after purchasing an additional 1,745,459 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Target by 37,301.2% in the third quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock valued at $187,832,000 after purchasing an additional 1,694,222 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Target by 252.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,166,161 shares of the retailer’s stock worth $358,782,000 after purchasing an additional 1,551,551 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

About Target

(Get Free Report)

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

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