Target Co. (NYSE:TGT) Insider Stephanie A. Lundquist Sells 8,367 Shares
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.
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.
TRADEMARK VIOLATION NOTICE: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2019/06/16/target-co-nysetgt-insider-stephanie-a-lundquist-sells-8367-shares.html.
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 décor products, electronics, toys, seasonal offerings, and other merchandise.
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.