Target Co. (NYSE:TGT) 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Target Co. (NYSE TGT) traded up $0.67 during mid-day trading on Monday, hitting $62.61. 9,152,000 shares of the stock were exchanged, compared to its average volume of 7,383,792. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The company has a market capitalization of $34,022.23, a price-to-earnings ratio of 13.04, a PEG ratio of 7.80 and a beta of 0.64. Target Co. has a twelve month low of $48.56 and a twelve month high of $78.37.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. equities analysts predict that Target Co. will post 4.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Tuesday, November 14th. Target’s dividend payout ratio is presently 51.88%.

Several research analysts recently weighed in on the stock. Sanford C. Bernstein set a $65.00 price objective on shares of Target and gave the stock a “buy” rating in a research note on Thursday. Barclays set a $45.00 price objective on shares of Target and gave the stock a “sell” rating in a research note on Wednesday, November 15th. MKM Partners set a $77.00 price target on shares of Target and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus cut their price target on shares of Target from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, November 16th. Finally, Vetr raised shares of Target from a “buy” rating to a “strong-buy” rating and set a $63.69 price target on the stock in a research note on Monday, November 27th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. Target currently has a consensus rating of “Hold” and an average target price of $62.42.

Hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its holdings in Target by 35.4% during the third quarter. Parametric Portfolio Associates LLC now owns 2,033,709 shares of the retailer’s stock worth $120,009,000 after buying an additional 532,207 shares during the last quarter. Shelton Capital Management increased its holdings in Target by 5.1% during the third quarter. Shelton Capital Management now owns 52,224 shares of the retailer’s stock worth $3,082,000 after buying an additional 2,553 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Target during the third quarter worth $2,180,000. Optimum Investment Advisors acquired a new position in Target during the third quarter worth $204,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Target by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 382,859 shares of the retailer’s stock worth $22,593,000 after buying an additional 1,455 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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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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