Target Co. (NYSE:TGT) Shares Acquired by Invst LLC

Invst LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,760 shares of the retailer’s stock after buying an additional 276 shares during the period. Invst LLC’s holdings in Target were worth $1,833,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new stake in shares of Target in the 2nd quarter worth about $25,000. Slocum Gordon & Co LLP acquired a new stake in Target in the 2nd quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Target during the third quarter valued at $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Target during the 2nd quarter worth about $31,000. Finally, Wolff Wiese Magana LLC raised its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price target on shares of Target in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Bank of America decreased their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Evercore ISI reduced their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Finally, Wells Fargo & Company lowered their price objective 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. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $160.57.

Insider Buying and Selling at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $135.09 on Wednesday. The stock has a market capitalization of $61.90 billion, a P/E ratio of 14.33, a P/E/G ratio of 2.17 and a beta of 1.17. 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 business has a 50-day moving average of $145.97 and a two-hundred day moving average of $147.52. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last issued 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 analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 earnings per share. On average, equities research analysts predict that Target Co. will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

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

Target Company 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.