Investors sold shares of Target Corp. (NYSE:TGT) on strength during trading on Thursday. $41.60 million flowed into the stock on the tick-up and $122.68 million flowed out of the stock on the tick-down, for a money net flow of $81.08 million out of the stock. Of all stocks tracked, Target Corp. had the 0th highest net out-flow for the day. Target Corp. traded up $0.39 for the day and closed at $70.58

TGT has been the subject of several recent analyst reports. Cleveland Research downgraded shares of Target Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 11th. Vetr raised shares of Target Corp. from a “buy” rating to a “strong-buy” rating and set a $85.26 price objective for the company in a research report on Wednesday, May 11th. Zacks Investment Research raised shares of Target Corp. from a “sell” rating to a “hold” rating in a research report on Monday, May 16th. Deutsche Bank AG reaffirmed a “hold” rating and set a $84.00 price objective (up previously from $81.00) on shares of Target Corp. in a research report on Monday, May 16th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $78.00 price objective on shares of Target Corp. in a research report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.39.

The firm has a market cap of $40.70 billion and a P/E ratio of 13.10. The company has a 50 day moving average price of $73.20 and a 200-day moving average price of $75.18.

Target Corp. (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The firm earned $16.20 billion during the quarter. During the same quarter last year, the firm posted $1.22 earnings per share. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts predict that Target Corp. will post $4.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 17th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 15th. This is a positive change from Target Corp.’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 3.39%.

Other large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of 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. American International Group Inc. boosted its stake in shares of Target Corp. by 2.3% in the fourth quarter. American International Group Inc. now owns 307,603 shares of the retailer’s stock valued at $22,335,000 after buying an additional 6,913 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Target Corp. by 64.1% in the fourth quarter. I.G. Investment Management LTD. now owns 59,515 shares of the retailer’s stock valued at $4,321,000 after buying an additional 23,250 shares during the last quarter. Finally, Wells Fargo & Company MN boosted 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.

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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