Nicolet Advisory Services LLC Sells 393 Shares of Target Co. (NYSE:TGT)

Nicolet Advisory Services LLC cut its stake in Target Co. (NYSE:TGT) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,443 shares of the retailer’s stock after selling 393 shares during the period. Nicolet Advisory Services LLC’s holdings in Target were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TGT. Financial Advocates Investment Management boosted its stake in shares of Target by 1.2% in the 3rd 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 last quarter. Beacon Capital Management LLC grew 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 acquiring an additional 69 shares during the period. Integral Investment Advisors Inc. raised its position in shares of Target by 5.3% in the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after acquiring an additional 69 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of Target by 0.4% in the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after purchasing an additional 69 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Target by 9.7% during 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 in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insiders Place Their Bets

In related news, insider Richard H. Gomez sold 6,348 shares of the 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 in the company, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 in the last three months. 0.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TGT shares. Evercore ISI lowered their target price on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday. Bank of America dropped their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada lifted their price target on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Truist Financial upped their price target on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.13.

Target Price Performance

TGT opened at $125.01 on Friday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a market capitalization of $57.59 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.57 and a beta of 1.24. The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $151.27 and a 200-day moving average price of $149.61.

Target (NYSE:TGT) last posted its quarterly 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the business earned $2.10 earnings per share. Target’s revenue was up .9% on a year-over-year basis. Equities analysts expect that Target Co. will post 9.58 EPS for the current year.

Target Dividend Announcement

The company also recently announced 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 3.58%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Target 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.