Target Co. (NYSE:TGT) Shares Sold by Peterson Wealth Management

Peterson Wealth Management lowered its stake in Target Co. (NYSE:TGT) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,359 shares of the retailer’s stock after selling 483 shares during the quarter. Peterson Wealth Management’s holdings in Target were worth $991,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after purchasing an additional 1,981,458 shares during the period. FMR LLC increased its stake in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. AQR Capital Management LLC increased its stake in Target by 711.2% during the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after purchasing an additional 768,479 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Target during the third quarter worth about $106,493,000. Finally, Victory Capital Management Inc. increased its stake in Target by 11.4% during the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after purchasing an additional 440,307 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other news, insider Richard H. Gomez sold 6,348 shares of the firm’s 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 completion of the transaction, the insider now owns 123,551 shares in the company, valued at $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 available through the SEC website. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and cut their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Roth Mkm cut their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research note on Wednesday, November 20th. Finally, Guggenheim cut their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $160.30.

Target Price Performance

Shares of NYSE TGT opened at $130.09 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a fifty day moving average price of $149.31 and a 200 day moving average price of $148.78. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a market cap of $59.93 billion, a PE ratio of 13.80, a P/E/G ratio of 2.14 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings results 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). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 earnings per share. Sell-side analysts forecast that Target Co. will post 8.6 EPS for the current year.

Target Dividend Announcement

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 given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is 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.