Oppenheimer Asset Management Inc. Has $14.41 Million Stock Holdings in Target Co. (NYSE:TGT)

Oppenheimer Asset Management Inc. lowered its holdings in shares of Target Co. (NYSE:TGT) by 10.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,450 shares of the retailer’s stock after selling 10,453 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Target were worth $14,409,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Advocates Investment Management raised its stake in Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after acquiring an additional 67 shares in the last quarter. Beacon Capital Management LLC boosted its stake in shares of Target by 20.8% in the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after purchasing an additional 69 shares in the last quarter. Integral Investment Advisors Inc. grew its holdings in shares of Target by 5.3% during the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock valued at $203,000 after purchasing an additional 69 shares during the last quarter. Trust Co. of Vermont increased its position in Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after purchasing an additional 69 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in Target by 9.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 806 shares of the retailer’s stock valued at $119,000 after purchasing an additional 71 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 value of $153,130.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the 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 owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 over the last three months. 0.15% of the stock is currently owned by insiders.

Target Price Performance

TGT stock opened at $154.99 on Thursday. The company’s 50-day moving average is $152.46 and its 200-day moving average is $150.49. Target Co. has a 1 year low of $108.08 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The stock has a market capitalization of $71.40 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that Target Co. will post 9.54 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 46.28%.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their target price on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. StockNews.com lowered Target from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Target in a research note on Wednesday. Finally, Oppenheimer cut their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.