Acropolis Investment Management LLC Reduces Holdings in Target Co. (NYSE:TGT)

Acropolis Investment Management LLC lessened its position in shares of Target Co. (NYSE:TGT) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,975 shares of the retailer’s stock after selling 298 shares during the quarter. Acropolis Investment Management LLC’s holdings in Target were worth $1,243,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Triad Wealth Partners LLC acquired a new position in shares of Target in the 2nd quarter valued at $25,000. Slocum Gordon & Co LLP acquired a new position in Target in the second quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new position in Target during the second quarter worth about $31,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Target in the 2nd quarter valued at approximately $37,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TGT shares. Truist Financial increased their price objective on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Bank of America lowered their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. StockNews.com downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Jefferies Financial Group raised their target price on Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Target 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $160.30.

Target Trading Up 1.8 %

NYSE TGT opened at $132.39 on Friday. The firm’s fifty day moving average price is $148.86 and its 200 day moving average price is $148.59. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. 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 company has a market capitalization of $60.99 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the business posted $2.10 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The company 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 $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 47.51%.

Insider Activity

In other news, insider Richard H. Gomez sold 6,348 shares of the company’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% 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.