Target Corp. (NYSE:TGT)’s share price rose 2.2% during mid-day trading on Friday . The company traded as high as $75.96 and last traded at $75.67, with a volume of 3,949,930 shares traded. The stock had previously closed at $74.01.

TGT has been the topic of a number of recent research reports. Piper Jaffray Cos. reissued an “outperform” rating and issued a $86.00 target price on shares of Target Corp. in a report on Monday, July 25th. Vetr raised shares of Target Corp. from a “hold” rating to a “buy” rating and set a $75.70 target price on the stock in a report on Monday, July 4th. Zacks Investment Research cut shares of Target Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Wolfe Research cut shares of Target Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, April 29th. Finally, Miller Tabak initiated coverage on shares of Target Corp. in a report on Friday, July 29th. They issued a “buy” rating and a $87.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $79.05.

The company has a market cap of $44.67 billion and a price-to-earnings ratio of 14.03. The company’s 50-day moving average is $72.93 and its 200-day moving average is $75.10.

Target Corp. (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 18th. The retailer reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.10. The firm earned $16.20 billion during the quarter, compared to analyst estimates of $16.31 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities analysts predict that Target Corp. will post $5.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 17th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.17%. This is a boost from Target Corp.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 15th.

In related news, Director Calvin Darden sold 37,105 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $67.02, for a total transaction of $2,486,777.10. Following the sale, the director now directly owns 29,549 shares of the company’s stock, valued at $1,980,373.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Catherine R. Smith bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average cost of $67.82 per share, for a total transaction of $339,100.00. Following the completion of the acquisition, the insider now owns 16,868 shares of the company’s stock, valued at $1,143,987.76. The disclosure for this purchase can be found here.

Other hedge funds recently bought and sold shares of the company. Aviance Capital Partners LLC raised its stake in Target Corp. by 41.0% in the fourth quarter. Aviance Capital Partners LLC now owns 22,727 shares of the retailer’s stock valued at $1,650,000 after buying an additional 6,613 shares during the period. Bank of Montreal Can raised its stake in shares of Target Corp. by 10.6% in the fourth quarter. Bank of Montreal Can now owns 1,477,575 shares of the retailer’s stock valued at $107,285,000 after buying an additional 141,699 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Target Corp. by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,843,075 shares of the retailer’s stock valued at $859,925,000 after buying an additional 258,052 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Target Corp. by 8.2% in the fourth quarter. Principal Financial Group Inc. now owns 2,368,327 shares of the retailer’s stock valued at $171,963,000 after buying an additional 179,791 shares during the last quarter. Finally, Ashfield Capital Partners LLC raised its stake in shares of Target Corp. by 12.3% in the fourth quarter. Ashfield Capital Partners LLC now owns 16,136 shares of the retailer’s stock valued at $1,172,000 after buying an additional 1,764 shares during the last quarter.

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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