Lodestone Wealth Management LLC Sells 109 Shares of Target Co. (NYSE:TGT)

Lodestone Wealth Management LLC trimmed its position in Target Co. (NYSE:TGT) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,131 shares of the retailer’s stock after selling 109 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Target were worth $1,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Harbor Capital Advisors Inc. purchased a new position in shares of Target during the 3rd quarter valued at $49,000. Janney Capital Management LLC lifted its position in shares of Target by 16.3% in the third quarter. Janney Capital Management LLC now owns 86,951 shares of the retailer’s stock valued at $13,552,000 after acquiring an additional 12,164 shares in the last quarter. Northern Financial Advisors Inc boosted its stake in shares of Target by 141.8% in the third quarter. Northern Financial Advisors Inc now owns 7,616 shares of the retailer’s stock worth $1,187,000 after acquiring an additional 4,466 shares during the period. Conning Inc. boosted its stake in shares of Target by 5.4% in the third quarter. Conning Inc. now owns 247,675 shares of the retailer’s stock worth $38,603,000 after acquiring an additional 12,627 shares during the period. Finally, Optas LLC grew its position in shares of Target by 6.0% during the third quarter. Optas LLC now owns 2,935 shares of the retailer’s stock worth $457,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were 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 $48,210,768.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Target news, 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 owns 303,843 shares of the company’s stock, 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 can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction on 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 transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 in the last ninety days. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TGT shares. Evercore ISI lowered their price target on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price for the company in a research report on Monday, August 26th. TD Cowen lifted their price target on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Truist Financial raised their price objective on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Performance

Shares of Target stock opened at $150.84 on Friday. Target Co. has a 52 week low of $105.23 and a 52 week high of $181.86. The company has a market capitalization of $69.49 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The stock’s fifty day moving average is $153.04 and its two-hundred day moving average is $151.32. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. The company had revenue of $25.02 billion for 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 firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.80 EPS. As a group, analysts expect that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.97%. Target’s dividend payout ratio (DPR) is currently 46.28%.

Target 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.