Avidian Wealth Enterprises LLC Has $667,000 Stock Holdings in Target Co. (NYSE:TGT)

Avidian Wealth Enterprises LLC raised its position in Target Co. (NYSE:TGT) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,282 shares of the retailer’s stock after purchasing an additional 193 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Target were worth $667,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Washington Trust Advisors Inc. raised its stake in shares of 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. Financial Advocates Investment Management increased its holdings in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares during the period. Williams Jones Wealth Management LLC. raised its position in Target by 0.6% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after purchasing an additional 68 shares during the last quarter. Beacon Capital Management LLC lifted its holdings in Target by 20.8% during the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after buying an additional 69 shares during the period. Finally, Integral Investment Advisors Inc. lifted its holdings in Target by 5.3% during the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after buying an additional 69 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

NYSE:TGT opened at $147.29 on Thursday. The stock has a 50-day moving average price of $152.52 and a 200 day moving average price of $150.96. The stock has a market capitalization of $67.85 billion, a P/E ratio of 15.22, a P/E/G ratio of 1.95 and a beta of 1.24. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. 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 announced 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 net margin of 4.18% and a return on equity of 33.10%. The business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same period last year, the firm posted $1.80 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Equities research analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is presently 46.28%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TGT shares. Evercore ISI decreased their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Truist Financial lifted their price objective on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Jefferies Financial Group lifted their price objective on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Melius Research began coverage on shares of Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target on the stock. Finally, Stifel Nicolaus boosted their target price 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, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Insider Activity at Target

In related 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 value of $7,140,150.00. Following the completion of the transaction, 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 is accessible through this hyperlink. In other news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’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 completion of the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. 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 ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is owned by corporate insiders.

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.