Moors & Cabot Inc. Buys 836 Shares of Target Co. (NYSE:TGT)

Moors & Cabot Inc. increased its position in shares of Target Co. (NYSE:TGT) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,466 shares of the retailer’s stock after buying an additional 836 shares during the period. Moors & Cabot Inc.’s holdings in Target were worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. TAP Consulting LLC bought a new position in shares of Target in the third quarter worth about $2,403,000. Olstein Capital Management L.P. lifted its stake in Target by 8.7% during the 3rd quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock valued at $7,793,000 after acquiring an additional 4,000 shares in the last quarter. Smead Capital Management Inc. raised its stake in shares of Target by 3.4% during the 3rd quarter. Smead Capital Management Inc. now owns 1,243,928 shares of the retailer’s stock worth $193,879,000 after purchasing an additional 41,394 shares during the period. Janus Henderson Group PLC increased its holdings in Target by 20.5% in the 1st quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock worth $38,484,000 after acquiring an additional 36,941 shares during the last quarter. Finally, Eagle Rock Investment Company LLC grew its holdings in Target by 166.3% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock valued at $2,522,000 after buying an additional 10,103 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the business’s 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 sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction 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. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by company insiders.

Target Stock Performance

Shares of TGT opened at $121.73 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The stock has a market capitalization of $56.08 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. The stock’s 50-day simple moving average is $152.33 and its 200 day simple moving average is $150.12. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.10 EPS. Research analysts forecast that Target Co. will post 9.55 EPS for the current fiscal year.

Target Dividend Announcement

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 given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is presently 46.28%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TGT. Roth Mkm boosted their target price on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Evercore ISI lowered their target price on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Target in a research note on Wednesday. Bank of America lifted their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup cut Target from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $188.00 to $130.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.90.

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.