1,599 Shares in Target Co. (NYSE:TGT) Acquired by Copley Financial Group Inc.

Copley Financial Group Inc. purchased a new stake in Target Co. (NYSE:TGT) during the third quarter, Holdings Channel reports. The firm purchased 1,599 shares of the retailer’s stock, valued at approximately $249,000.

Several other hedge funds have also recently bought and sold shares of TGT. Cynosure Group LLC increased its position in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares during the last quarter. Financial Advocates Investment Management boosted its stake in shares of Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after acquiring an additional 67 shares during the period. Hancock Whitney Corp increased its holdings in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares during the last quarter. Beacon Capital Management LLC raised its stake in 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 acquiring an additional 69 shares during the period. Finally, Integral Investment Advisors Inc. lifted its holdings in 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. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of the business’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 sale, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $180.00 price objective on shares of Target in a report on Wednesday, August 21st. TD Cowen decreased their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. Truist Financial upped their target price on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Finally, Bank of America lowered their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $160.57.

Target Price Performance

TGT stock traded down $0.28 during trading on Friday, reaching $135.01. 548,128 shares of the company were exchanged, compared to its average volume of 4,525,120. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. 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 company has a market capitalization of $61.86 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 2.23 and a beta of 1.17. The company has a 50-day moving average of $145.06 and a two-hundred day moving average of $147.29.

Target (NYSE:TGT) last announced 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). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 earnings per share. As a group, equities analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 47.51%.

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.