Traders sold shares of Target Co. (NYSE:TGT) on strength during trading on Wednesday. $59.65 million flowed into the stock on the tick-up and $130.34 million flowed out of the stock on the tick-down, for a money net flow of $70.69 million out of the stock. Of all stocks tracked, Target had the 0th highest net out-flow for the day. Target traded up $0.10 for the day and closed at $72.96
A number of equities research analysts have recently commented on TGT shares. Wells Fargo & Co started coverage on Target in a research report on Friday, November 3rd. They set a “market perform” rating and a $62.00 price objective for the company. Telsey Advisory Group cut their price objective on Target from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, November 16th. Stifel Nicolaus cut their price objective on Target from $65.00 to $62.00 and set a “hold” rating for the company in a research report on Thursday, November 16th. Morgan Stanley cut their price objective on Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research report on Thursday, November 16th. Finally, Barclays set a $45.00 price objective on Target and gave the company a “sell” rating in a research report on Wednesday, November 15th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $69.56.
The company has a market capitalization of $40,780.00, a price-to-earnings ratio of 15.78, a PEG ratio of 3.44 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.
In other news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction on Friday, December 15th. The shares were 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 can be accessed through the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the transaction, the insider now directly owns 16,906 shares in the company, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock valued at $1,185,484 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Investment Advisory Services LLC increased its stake in shares of Target by 9.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 7,675 shares of the retailer’s stock worth $501,000 after acquiring an additional 693 shares during the last quarter. Corient Capital Partners LLC increased its stake in shares of Target by 11.1% in the fourth quarter. Corient Capital Partners LLC now owns 6,994 shares of the retailer’s stock worth $456,000 after acquiring an additional 699 shares during the last quarter. White Pine Capital LLC increased its stake in shares of Target by 2.7% in the fourth quarter. White Pine Capital LLC now owns 27,908 shares of the retailer’s stock worth $1,821,000 after acquiring an additional 725 shares during the last quarter. Haverford Trust Co. increased its stake in shares of Target by 4.0% in the fourth quarter. Haverford Trust Co. now owns 20,290 shares of the retailer’s stock worth $1,324,000 after acquiring an additional 775 shares during the last quarter. Finally, Heritage Trust Co increased its stake in shares of Target by 49.4% in the fourth quarter. Heritage Trust Co now owns 2,645 shares of the retailer’s stock worth $173,000 after acquiring an additional 874 shares during the last quarter. 88.32% of the stock is currently owned by institutional investors and hedge funds.
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Target Company Profile
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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