Dynamic Technology Lab Private Ltd Buys Shares of 19,481 Target Co. (NYSE:TGT)

Dynamic Technology Lab Private Ltd acquired a new stake in Target Co. (NYSE:TGT) during the third quarter, Holdings Channel reports. The institutional investor acquired 19,481 shares of the retailer’s stock, valued at approximately $3,036,000.

Other large investors have also added to or reduced their stakes in the company. SVB Wealth LLC raised its holdings in Target by 7.7% during the first quarter. SVB Wealth LLC now owns 11,040 shares of the retailer’s stock worth $1,956,000 after acquiring an additional 785 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Target during the 1st quarter worth approximately $2,127,000. Janus Henderson Group PLC boosted its holdings in shares of Target by 20.5% in the 1st quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock valued at $38,484,000 after buying an additional 36,941 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its holdings in shares of Target by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,583 shares of the retailer’s stock valued at $458,000 after buying an additional 109 shares during the last quarter. Finally, Whalerock Point Partners LLC grew its stake in shares of Target by 2.1% in the first quarter. Whalerock Point Partners LLC now owns 24,215 shares of the retailer’s stock valued at $4,291,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity at Target

In related news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 4.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This trade represents a 12.08 % 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 valued at $8,290,995 over the last three months. 0.15% of the stock is owned by insiders.

Target Stock Performance

NYSE:TGT opened at $125.01 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a market cap of $57.59 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.05 and a beta of 1.24. The stock has a fifty day moving average price of $151.27 and a 200-day moving average price of $149.54.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the company earned $2.10 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts anticipate that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The company 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 dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.58%. Target’s dividend payout ratio is 47.51%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Sanford C. Bernstein initiated coverage on shares of Target in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price on the stock. Royal Bank of Canada raised their target price 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. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and reduced their price target for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.13.

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.