AM Squared Ltd Has $94,000 Stock Holdings in Target Co. (NYSE:TGT)

AM Squared Ltd trimmed its position in shares of Target Co. (NYSE:TGT) by 50.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 600 shares of the retailer’s stock after selling 600 shares during the quarter. AM Squared Ltd’s holdings in Target were worth $94,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. TAP Consulting LLC acquired a new stake in shares of Target during the third quarter valued at about $2,403,000. Olstein Capital Management L.P. lifted its stake in shares of Target by 8.7% in the third quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock worth $7,793,000 after acquiring an additional 4,000 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Target by 20.5% in the first quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock worth $38,484,000 after acquiring an additional 36,941 shares during the period. Eagle Rock Investment Company LLC lifted its stake in shares of Target by 166.3% in the third quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock worth $2,522,000 after acquiring an additional 10,103 shares during the period. Finally, Swedbank AB acquired a new position in shares of Target in the first quarter worth approximately $107,367,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Down 0.9 %

NYSE TGT opened at $152.13 on Friday. The firm has a market capitalization of $70.08 billion, a P/E ratio of 15.72, a PEG ratio of 2.01 and a beta of 1.24. The business has a fifty day simple moving average of $152.56 and a 200 day simple moving average of $150.39. Target Co. has a 12 month low of $127.19 and a 12 month high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 EPS. On average, analysts predict that Target Co. will post 9.55 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is presently 46.28%.

Analysts Set New Price Targets

TGT has been the topic of a number of recent analyst reports. Daiwa America raised Target to a “strong-buy” rating in a research note on Monday, August 26th. StockNews.com lowered Target from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Target in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Insider Activity

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction 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 $48,210,768.81. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock valued at $8,290,995 in the last ninety days. 0.15% of the stock is currently owned by insiders.

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.