Boyd Watterson Asset Management LLC OH Has $1.31 Million Stock Position in Target Co. (NYSE:TGT)

Boyd Watterson Asset Management LLC OH cut its stake in shares of Target Co. (NYSE:TGT) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,429 shares of the retailer’s stock after selling 457 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Target were worth $1,314,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TGT. Legal & General Group Plc raised its position in Target by 6.8% in the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after purchasing an additional 279,656 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Target by 11.4% in the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after buying an additional 440,307 shares during the period. Clearbridge Investments LLC raised its holdings in Target by 17.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock valued at $558,898,000 after buying an additional 470,647 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Target by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock worth $461,031,000 after buying an additional 435,229 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its holdings in Target by 9.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer’s stock worth $458,131,000 after acquiring an additional 272,521 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of TGT stock opened at $148.05 on Thursday. Target Co. has a 12 month low of $105.23 and a 12 month high of $181.86. The firm has a market capitalization of $68.49 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. The firm has a fifty day simple moving average of $153.07 and a two-hundred day simple moving average of $152.23. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. Analysts forecast that Target Co. will post 9.53 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.03%. Target’s payout ratio is 50.28%.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the transaction, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,348 shares of company stock worth $8,290,995. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TGT. Royal Bank of Canada raised their price target on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Melius Research started coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price target on shares of Target in a research report on Thursday, September 19th. Citigroup raised their price objective on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Oppenheimer reduced their target price on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.47.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.