Target Co. (NYSE:TGT) Shares Bought by Holistic Financial Partners

Holistic Financial Partners grew its position in Target Co. (NYSE:TGT) by 16.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,981 shares of the retailer’s stock after acquiring an additional 276 shares during the period. Holistic Financial Partners’ holdings in Target were worth $309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new stake in Target during the second quarter worth about $25,000. Slocum Gordon & Co LLP acquired a new stake in shares of Target during the 2nd quarter worth about $28,000. Hobbs Group Advisors LLC purchased a new stake in Target during the second quarter worth approximately $31,000. Wolff Wiese Magana LLC boosted its holdings in 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 purchasing an additional 133 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Target in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 0.9 %

TGT stock opened at $152.13 on Monday. The stock 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 company has a 50 day moving average price of $152.56 and a two-hundred day moving average price of $150.34. Target Co. has a one year low of $127.19 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. Target’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 earnings per share. As a group, sell-side analysts expect that Target Co. will post 9.55 EPS for the current year.

Target Announces Dividend

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 paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis 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

Several analysts have recently weighed in on TGT shares. Evercore ISI reduced their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Roth Mkm boosted their price objective on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price target on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Bank of America raised their price objective on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Daiwa America upgraded shares of Target to a “strong-buy” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. This represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of Target 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 sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

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.