Traders sold shares of Target Corp. (NYSE:TGT) on strength during trading on Tuesday. $53.73 million flowed into the stock on the tick-up and $72.14 million flowed out of the stock on the tick-down, for a money net flow of $18.41 million out of the stock. Of all companies tracked, Target Corp. had the 0th highest net out-flow for the day. Target Corp. traded up $0.66 for the day and closed at $71.05

Several brokerages have weighed in on TGT. Cowen and Company reiterated an “outperform” rating and issued a $75.00 price objective (down previously from $81.00) on shares of Target Corp. in a research report on Wednesday, August 17th. Credit Suisse Group AG reiterated a “hold” rating and issued a $72.00 price objective on shares of Target Corp. in a research report on Sunday. Zacks Investment Research upgraded Target Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. BMO Capital Markets restated a “market perform” rating and set a $76.00 target price on shares of Target Corp. in a report on Wednesday, July 6th. Finally, Vetr upgraded Target Corp. from a “hold” rating to a “buy” rating and set a $75.70 target price for the company in a report on Monday, July 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.39.

The company has a 50-day moving average of $73.43 and a 200-day moving average of $75.23. The company has a market cap of $40.84 billion and a PE ratio of 13.15.

Target Corp. (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The company earned $16.20 billion during the quarter. During the same period last year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. On average, analysts expect that Target Corp. will post $4.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 17th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.38%. This is an increase from Target Corp.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 15th.

Several hedge funds and institutional investors recently added to or reduced their stakes in TGT. Hartford Investment Management Co. raised its position in Target Corp. by 6.4% in the fourth quarter. Hartford Investment Management Co. now owns 179,095 shares of the retailer’s stock valued at $13,004,000 after buying an additional 10,774 shares during the last quarter. Magellan Asset Management Ltd raised its position in Target Corp. by 2.7% in the fourth quarter. Magellan Asset Management Ltd now owns 11,757,745 shares of the retailer’s stock valued at $853,730,000 after buying an additional 313,484 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Target Corp. by 5.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,578,447 shares of the retailer’s stock valued at $187,222,000 after buying an additional 126,334 shares during the last quarter. Calvert Investment Management Inc. raised its position in Target Corp. by 539.8% in the fourth quarter. Calvert Investment Management Inc. now owns 436,087 shares of the retailer’s stock valued at $31,664,000 after buying an additional 367,926 shares during the last quarter. Finally, Bridgewater Associates LP raised its position in Target Corp. by 23.9% in the fourth quarter. Bridgewater Associates LP now owns 132,717 shares of the retailer’s stock valued at $9,637,000 after buying an additional 25,602 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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