Great Diamond Partners LLC Has $289,000 Position in Target Co. (NYSE:TGT)

Great Diamond Partners LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 27.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,855 shares of the retailer’s stock after selling 705 shares during the period. Great Diamond Partners LLC’s holdings in Target were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. Norden Group LLC boosted its stake in shares of Target by 1,433.1% during the 1st quarter. Norden Group LLC now owns 29,159 shares of the retailer’s stock worth $5,167,000 after acquiring an additional 27,257 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in Target by 16.4% during the first quarter. First Trust Direct Indexing L.P. now owns 14,245 shares of the retailer’s stock worth $2,524,000 after purchasing an additional 2,006 shares during the period. Van ECK Associates Corp grew its holdings in Target by 17.3% during the first quarter. Van ECK Associates Corp now owns 55,392 shares of the retailer’s stock valued at $9,816,000 after purchasing an additional 8,185 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Target by 0.5% in the first quarter. Private Advisor Group LLC now owns 74,166 shares of the retailer’s stock valued at $13,143,000 after purchasing an additional 355 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of Target during the 1st quarter worth $727,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Oppenheimer dropped their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Target in a research note on Thursday, September 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Target in a report on Wednesday, August 21st. Truist Financial upped their price target on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Finally, Piper Sandler started coverage on shares of Target in a research report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.47.

Target Trading Up 0.4 %

NYSE:TGT opened at $148.50 on Thursday. 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 Co. has a 1-year low of $105.23 and a 1-year high of $181.86. The firm has a market capitalization of $68.41 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.99 and a beta of 1.24. The business’s 50-day moving average price is $153.33 and its two-hundred day moving average price is $151.51.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 earnings per share. On average, equities analysts expect that Target Co. will post 9.53 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 3.02%. Target’s dividend payout ratio is presently 46.28%.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the 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 sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. Company insiders own 0.15% of the company’s stock.

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.