Traders sold shares of Target Co. (NYSE:TGT) on strength during trading hours on Friday. $60.71 million flowed into the stock on the tick-up and $103.15 million flowed out of the stock on the tick-down, for a money net flow of $42.44 million out of the stock. Of all companies tracked, Target had the 0th highest net out-flow for the day. Target traded up $0.70 for the day and closed at $66.55
A number of research firms have weighed in on TGT. Zacks Investment Research downgraded Target from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Barclays raised Target from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $45.00 to $70.00 in a report on Friday. Telsey Advisory Group lowered their target price on Target from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, November 16th. Vetr downgraded Target from a “strong-buy” rating to a “buy” rating and set a $66.10 target price on the stock. in a report on Wednesday, November 29th. Finally, Moffett Nathanson began coverage on Target in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the stock. Target currently has an average rating of “Hold” and an average price target of $63.81.
The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The firm has a market cap of $36,174.79, a P/E ratio of 13.86, a P/E/G ratio of 8.20 and a beta of 0.63.
Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The firm had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. equities analysts forecast that Target Co. will post 4.57 EPS for the current year.
In related news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Heritage Trust Co raised its stake in Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC raised its stake in Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares during the period. Parallel Advisors LLC raised its stake in Target by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares during the period. Jacobi Capital Management LLC raised its stake in Target by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after purchasing an additional 1,310 shares during the period. Finally, Sandy Spring Bank raised its stake in Target by 6.7% during the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after purchasing an additional 185 shares during the period. 87.41% of the stock is currently owned by institutional investors.
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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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