Target Co. (NYSE:TGT) Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,973 shares of the retailer’s stock after selling 585 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Target were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Berry Wealth Group LP lifted its stake in shares of Target by 7.4% during the third quarter. Berry Wealth Group LP now owns 1,720 shares of the retailer’s stock worth $268,000 after purchasing an additional 118 shares in the last quarter. Trilogy Capital Inc. lifted its position in Target by 5.3% during the 3rd quarter. Trilogy Capital Inc. now owns 19,221 shares of the retailer’s stock worth $2,996,000 after acquiring an additional 959 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Target by 44.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 641 shares of the retailer’s stock worth $99,000 after acquiring an additional 197 shares during the period. Allspring Global Investments Holdings LLC grew its position in Target by 57.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 183,365 shares of the retailer’s stock valued at $28,579,000 after acquiring an additional 66,870 shares in the last quarter. Finally, Vest Financial LLC raised its stake in shares of Target by 24.3% during the third quarter. Vest Financial LLC now owns 336,000 shares of the retailer’s stock valued at $52,369,000 after purchasing an additional 65,775 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of NYSE:TGT traded down $5.93 during trading hours on Monday, hitting $150.91. The stock had a trading volume of 4,440,953 shares, compared to its average volume of 3,959,292. 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’s fifty day simple moving average is $152.25 and its 200 day simple moving average is $152.57. The firm has a market capitalization of $69.82 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.99 and a beta of 1.24. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 EPS. Sell-side analysts anticipate that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Announces Dividend

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 paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.97%. Target’s dividend payout ratio is currently 50.28%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TGT shares. TD Cowen upped their target price on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Melius Research assumed coverage on Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. UBS Group lifted their target price on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com raised Target from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Finally, Daiwa America raised Target to a “strong-buy” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.69.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the 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 completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock valued at $8,290,995 over the last three months. Company insiders own 0.23% of the company’s stock.

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.