1,724 Shares in Target Co. (NYSE:TGT) Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. bought a new stake in shares of Target Co. (NYSE:TGT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,724 shares of the retailer’s stock, valued at approximately $269,000.

Several other hedge funds also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC boosted its stake in Target by 2.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 43,893 shares of the retailer’s stock valued at $6,841,000 after acquiring an additional 1,109 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Target by 4.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,288,547 shares of the retailer’s stock valued at $200,833,000 after purchasing an additional 49,494 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Target in the 3rd quarter worth $507,000. WealthPlan Investment Management LLC boosted its position in shares of Target by 11.4% in the 3rd quarter. WealthPlan Investment Management LLC now owns 2,121 shares of the retailer’s stock worth $331,000 after purchasing an additional 217 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Target by 2.9% during the third quarter. Harbour Investments Inc. now owns 7,345 shares of the retailer’s stock worth $1,145,000 after purchasing an additional 205 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 completion of the sale, the insider now directly 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 filing with the SEC, which is available at this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock valued at $8,290,995 over the last 90 days. 0.15% of the stock is currently owned by insiders.

Target Trading Down 0.4 %

Shares of Target stock opened at $154.99 on Thursday. The stock has a market cap of $71.40 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.01 and a beta of 1.24. 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 Co. has a 12-month low of $108.08 and a 12-month high of $181.86. The business’s 50 day moving average is $152.46 and its 200-day moving average is $150.49.

Target (NYSE:TGT) last posted its quarterly earnings results 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. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared 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 2.89%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is currently 46.28%.

Wall Street Analyst Weigh In

TGT has been the topic of several analyst reports. Evercore ISI cut their target price on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Citigroup boosted their price objective on shares of Target from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company increased their target price on shares of Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Stifel Nicolaus boosted their price target on shares of Target from $147.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.47.

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.