Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Target Co. (NYSE:TGT – Free Report) by 0.7% in the 3rd quarter, Holdings Channel reports. The firm owned 11,270 shares of the retailer’s stock after acquiring an additional 76 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Target were worth $1,757,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new position in shares of Target in the second quarter worth $25,000. Slocum Gordon & Co LLP purchased a new stake in Target during the second quarter valued at $28,000. Hobbs Group Advisors LLC purchased a new stake in Target during the second quarter valued at $31,000. Washington Trust Advisors Inc. increased its position in Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its position in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.
Analyst Upgrades and Downgrades
TGT has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Daiwa America upgraded Target to a “strong-buy” rating in a research report on Monday, August 26th. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price target on shares of Target in a research report on Thursday, September 19th. Piper Sandler initiated coverage on Target in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 price target for the company. Finally, Stifel Nicolaus upped their price target on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $179.47.
Insider Transactions at Target
In other news, insider Brian C. Cornell sold 45,000 shares of the 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 sale, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the 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 sale, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by company insiders.
Target Trading Up 0.5 %
TGT stock traded up $0.80 during midday trading on Friday, reaching $150.84. 2,453,210 shares of the company traded hands, compared to its average volume of 3,921,109. Target Co. has a 52-week low of $105.23 and a 52-week high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The business has a 50 day moving average of $153.04 and a 200-day moving average of $151.40. The firm has a market capitalization of $69.49 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 1.92 and a beta of 1.24.
Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period in the prior year, the business posted $1.80 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that Target Co. will post 9.53 earnings per share for the current fiscal year.
Target Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.97%. Target’s dividend payout ratio (DPR) is presently 46.28%.
Target Company Profile
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.
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