Large Outflow of Money Witnessed in Target Corporation

Target Corporation (NYSE:TGT) traded higher in the last at $67.88, gaining 0.19 points or 0.28%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-2.23) million. The composite uptick value of $54.7 million was eclipsed by the accrued downtick value of $56.93 million, thereby ensuring the up/down ratio of 0.96. For the week, the shares have posted returns of -1.12%.A block trade registered during the day has revealed $9.15 million in upticks and $10.29 million in downticks. The up/down ratio in this case turned out to be 0.89. The net money flow for the block trade was $(-1.14) million.


Currently the company Insiders own 0.25% of Target Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 42.13% . Institutional Investors own 90.7% of Target Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 21.24%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Darden Calvin, director of Target Corp, had unloaded 37,105 shares at an average price of $67.02 in a transaction dated on May 19, 2016. The total value of the transaction was worth $2,486,777.

Target Corporation (NYSE:TGT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.99 points or 1.46% at $66.89 with 4,635,149 shares getting traded. Post opening the session at $67.85, the shares hit an intraday low of $66.84 and an intraday high of $68.09 and the price was in this range throughout the day. The company has a market cap of $39,417 million and the number of outstanding shares have been calculated to be 589,274,530 shares. The 52-week high of Target Corporation (NYSE:TGT) is $85.81 and the 52-week low is $65.5.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Goldman Sachs maintains its ratings on Target Corporation (NYSE:TGT). In the latest research report, Goldman Sachs lowers the target price from $85 per share to $75 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 20, 2016.

Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.