Target Co. (NYSE:TGT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in Target Co. (NYSE:TGT) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 307,564 shares of the retailer’s stock after selling 7,000 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Target were worth $47,937,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Triad Wealth Partners LLC acquired a new stake in shares of Target in the second quarter valued at about $25,000. Slocum Gordon & Co LLP purchased a new stake in Target during the second quarter worth $28,000. Hobbs Group Advisors LLC acquired a new stake in Target in the second quarter valued at $31,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Target during the 3rd quarter worth $36,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of TGT stock opened at $130.73 on Tuesday. The firm has a fifty day simple moving average of $148.86 and a 200-day simple moving average of $148.45. The company has a market capitalization of $60.22 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

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 analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $2.10 earnings per share. Equities research analysts anticipate that Target Co. will post 8.6 earnings per share for the current fiscal 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 paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 3.43%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen dropped their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Citigroup lowered shares of Target from a “buy” rating to a “neutral” rating and cut their price objective for the company from $188.00 to $130.00 in a research report on Wednesday, November 20th. Guggenheim reduced their target price on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Royal Bank of Canada lifted their price target on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $160.30.

Insider Buying and Selling at Target

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

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.