Target Co. (NYSE:TGT – Get Free Report) insider Richard H. Gomez sold 6,348 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Target Stock Performance
Shares of TGT opened at $155.86 on Tuesday. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The stock has a market cap of $72.11 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.00 and a beta of 1.24. The business has a 50-day simple moving average of $148.85 and a two-hundred day simple moving average of $154.33.
Target (NYSE:TGT – Get Free Report) last released its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.80 EPS. On average, analysts expect that Target Co. will post 9.53 EPS for the current year.
Target Announces Dividend
Institutional Investors Weigh In On Target
Institutional investors and hedge funds have recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new stake in shares of Target during the second quarter worth about $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Target during the 4th quarter valued at approximately $28,000. Slocum Gordon & Co LLP bought a new stake in shares of Target during the second quarter valued at approximately $28,000. Scarborough Advisors LLC purchased a new position in shares of Target in the fourth quarter worth $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Target in the second quarter worth $31,000. 79.73% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on TGT shares. Wells Fargo & Company lifted their price target on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Morgan Stanley reissued an “overweight” rating and issued a $180.00 price target on shares of Target in a research report on Wednesday, August 21st. Jefferies Financial Group raised their price objective on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Royal Bank of Canada boosted their target price on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Piper Sandler initiated coverage on Target in a report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.69.
Read Our Latest Research Report on Target
Target Company Profile
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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