Target Co. (NYSE:TGT) insider Stephanie A. Lundquist sold 8,367 shares of Target stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $88.01, for a total transaction of $736,379.67. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NYSE:TGT opened at $87.79 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.88 and a quick ratio of 0.19. The firm has a market capitalization of $45.24 billion, a P/E ratio of 16.29, a P/E/G ratio of 2.11 and a beta of 0.57. Target Co. has a 12-month low of $60.15 and a 12-month high of $90.39.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 22nd. The retailer reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.10. The business had revenue of $17.63 billion during the quarter, compared to analyst estimates of $17.49 billion. Target had a net margin of 3.96% and a return on equity of 26.48%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 earnings per share. Equities research analysts predict that Target Co. will post 5.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.01%. This is a positive change from Target’s previous quarterly dividend of $0.64. Target’s payout ratio is 47.50%.

A number of analysts have recently issued reports on the stock. Bank of America set a $105.00 price objective on shares of Target and gave the company a “buy” rating in a research note on Thursday, May 23rd. Credit Suisse Group set a $90.00 price objective on shares of Target and gave the company a “buy” rating in a research note on Thursday, May 23rd. Citigroup lifted their price objective on shares of Target from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Barclays upgraded shares of Target from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $85.00 to $115.00 in a research note on Monday, April 29th. Finally, Morgan Stanley upgraded shares of Target from an “underweight” rating to an “equal weight” rating and set a $67.00 price objective on the stock in a research note on Monday, May 20th. Twelve investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $89.33.

Large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its holdings in Target by 5,697.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,484,117 shares of the retailer’s stock worth $280,000 after purchasing an additional 18,165,298 shares during the period. Norges Bank acquired a new position in Target in the fourth quarter worth $358,987,000. Boston Partners acquired a new position in Target in the fourth quarter worth $310,033,000. Nordea Investment Management AB boosted its holdings in Target by 2,417.6% in the fourth quarter. Nordea Investment Management AB now owns 1,811,859 shares of the retailer’s stock worth $119,742,000 after purchasing an additional 1,739,892 shares during the period. Finally, BlackRock Inc. boosted its holdings in Target by 3.2% in the fourth quarter. BlackRock Inc. now owns 43,222,017 shares of the retailer’s stock worth $2,856,544,000 after purchasing an additional 1,334,425 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

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Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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