Investors Sell Target (TGT) on Strength (TGT)

Traders sold shares of Target Co. (NYSE:TGT) on strength during trading on Friday. $204.27 million flowed into the stock on the tick-up and $277.96 million flowed out of the stock on the tick-down, for a money net flow of $73.69 million out of the stock. Of all equities tracked, Target had the 0th highest net out-flow for the day. Target traded up $2.80 for the day and closed at $76.80

Several research firms have recently issued reports on TGT. MKM Partners set a $93.00 price target on Target and gave the stock a “buy” rating in a research report on Friday. Vetr lowered Target from a “hold” rating to a “sell” rating and set a $70.45 price target on the stock. in a research report on Thursday. Deutsche Bank raised Target from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $57.00 to $70.00 in a research note on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price objective on shares of Target in a research note on Thursday. Finally, UBS Group raised Target from a “neutral” rating to a “positive” rating in a research note on Wednesday. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Target currently has an average rating of “Hold” and a consensus target price of $66.15.

The stock has a market cap of $41,746.41, a P/E ratio of 16.00, a PEG ratio of 3.95 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter last year, the business posted $1.04 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts forecast that Target Co. will post 4.73 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio is 51.88%.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGT. Dodge & Cox grew its holdings in shares of Target by 83.3% in the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock valued at $1,047,119,000 after acquiring an additional 9,102,526 shares in the last quarter. Capital Research Global Investors bought a new position in shares of Target in the 2nd quarter valued at about $235,305,000. Franklin Resources Inc. grew its holdings in shares of Target by 8.7% in the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock valued at $1,103,994,000 after acquiring an additional 1,686,774 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Target by 45.1% in the 3rd quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock valued at $309,101,000 after acquiring an additional 1,629,222 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Target by 43.4% in the 2nd quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock valued at $197,565,000 after acquiring an additional 1,143,598 shares in the last quarter. 87.42% of the stock is currently owned by hedge funds and other institutional investors.

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About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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