Target Co. (NYSE:TGT) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in shares of Target Co. (NYSE:TGT) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,459 shares of the retailer’s stock after buying an additional 276 shares during the period. Concurrent Investment Advisors LLC’s holdings in Target were worth $4,903,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Foster & Motley Inc. raised its position in Target by 15.5% in the 3rd quarter. Foster & Motley Inc. now owns 23,034 shares of the retailer’s stock valued at $3,590,000 after purchasing an additional 3,083 shares in the last quarter. Radnor Capital Management LLC increased its stake in shares of Target by 20.3% during the third quarter. Radnor Capital Management LLC now owns 11,278 shares of the retailer’s stock worth $1,758,000 after buying an additional 1,900 shares during the period. 1834 Investment Advisors Co. raised its holdings in Target by 14.2% in the third quarter. 1834 Investment Advisors Co. now owns 25,153 shares of the retailer’s stock valued at $3,920,000 after acquiring an additional 3,134 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its stake in Target by 4.7% in the third quarter. Avidian Wealth Enterprises LLC now owns 4,282 shares of the retailer’s stock worth $667,000 after acquiring an additional 193 shares during the last quarter. Finally, Long Run Wealth Advisors LLC grew its holdings in Target by 13.6% during the 3rd quarter. Long Run Wealth Advisors LLC now owns 23,179 shares of the retailer’s stock worth $3,613,000 after acquiring an additional 2,780 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT stock opened at $147.29 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. The stock has a 50 day simple moving average of $152.52 and a 200-day simple moving average of $150.96. The company has a market cap of $67.85 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth 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.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’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 earnings per share. On average, equities analysts forecast that Target Co. will post 9.54 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued 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 dividend payout ratio is currently 46.28%.

Insiders Place Their Bets

In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This 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 is accessible through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. This trade represents a 0.00 % decrease in their position. 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 owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TGT. Roth Mkm boosted their target price on shares of Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. UBS Group increased their price objective on Target from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Daiwa Capital Markets upgraded Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price for the company in a research note on Monday, August 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Target in a report on Wednesday, August 21st. Finally, Oppenheimer cut their price objective 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Target presently has a consensus 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.