Insider Selling: Target Co. (NYSE:TGT) Insider Sells 2,405 Shares of Stock

Target Co. (NYSE:TGT) insider Mark Schindele sold 2,405 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $148.53, for a total value of $357,214.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mark Schindele also recently made the following trade(s):

  • On Wednesday, September 23rd, Mark Schindele sold 2,404 shares of Target stock. The stock was sold at an average price of $155.00, for a total value of $372,620.00.

Shares of NYSE:TGT traded down $3.07 during trading on Wednesday, hitting $151.01. The company’s stock had a trading volume of 2,786,897 shares, compared to its average volume of 5,351,604. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.55 and a current ratio of 1.11. Target Co. has a fifty-two week low of $90.17 and a fifty-two week high of $156.10. The stock’s 50-day moving average price is $144.36 and its two-hundred day moving average price is $120.89. The company has a market capitalization of $75.60 billion, a PE ratio of 21.79, a PEG ratio of 2.86 and a beta of 0.87.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 19th. The retailer reported $3.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $1.74. Target had a return on equity of 30.25% and a net margin of 4.16%. The business had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $20.11 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company’s revenue was up 24.7% compared to the same quarter last year. On average, equities analysts predict that Target Co. will post 7.15 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Walled Lake Planning & Wealth Management LLC raised its stake in Target by 6.9% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 1,179 shares of the retailer’s stock valued at $141,000 after buying an additional 76 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in Target by 0.3% during the second quarter. Chartwell Investment Partners LLC now owns 30,404 shares of the retailer’s stock valued at $3,646,000 after buying an additional 86 shares in the last quarter. Welch & Forbes LLC raised its stake in Target by 1.3% during the second quarter. Welch & Forbes LLC now owns 7,004 shares of the retailer’s stock valued at $840,000 after buying an additional 88 shares in the last quarter. Meristem Family Wealth LLC raised its stake in Target by 0.4% during the second quarter. Meristem Family Wealth LLC now owns 23,896 shares of the retailer’s stock valued at $2,866,000 after buying an additional 90 shares in the last quarter. Finally, Trust Co. of Toledo NA OH raised its stake in Target by 0.8% during the second quarter. Trust Co. of Toledo NA OH now owns 12,343 shares of the retailer’s stock valued at $1,480,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Several equities analysts recently commented on TGT shares. Credit Suisse Group reiterated a “buy” rating and issued a $132.00 target price on shares of Target in a research note on Thursday, June 18th. BMO Capital Markets boosted their price target on Target from $135.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. UBS Group boosted their price target on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Telsey Advisory Group boosted their price target on Target from $152.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Finally, Zacks Investment Research raised Target from a “hold” rating to a “buy” rating and set a $163.00 price target for the company in a research report on Thursday, August 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Target has a consensus rating of “Buy” and a consensus price target of $139.52.

About Target

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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Insider Buying and Selling by Quarter for Target (NYSE:TGT)

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