Mutual Advisors LLC Has $3.21 Million Position in Target Co. (NYSE:TGT)

Mutual Advisors LLC raised its stake in shares of Target Co. (NYSE:TGT) by 16.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,386 shares of the retailer’s stock after acquiring an additional 3,014 shares during the quarter. Mutual Advisors LLC’s holdings in Target were worth $3,212,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Norden Group LLC grew its stake in Target by 1,433.1% during the first quarter. Norden Group LLC now owns 29,159 shares of the retailer’s stock worth $5,167,000 after buying an additional 27,257 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in Target by 16.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 14,245 shares of the retailer’s stock valued at $2,524,000 after acquiring an additional 2,006 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Target by 17.3% during the first quarter. Van ECK Associates Corp now owns 55,392 shares of the retailer’s stock valued at $9,816,000 after purchasing an additional 8,185 shares during the last quarter. Private Advisor Group LLC raised its position in Target by 0.5% in the 1st quarter. Private Advisor Group LLC now owns 74,166 shares of the retailer’s stock worth $13,143,000 after purchasing an additional 355 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Target during the 1st quarter worth $727,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insiders Place Their Bets

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 owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock valued at $8,290,995 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TGT shares. Roth Mkm lifted their target price on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Melius Research started coverage on shares of Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price on the stock. Bank of America lifted their price target 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. Daiwa America raised shares of Target to a “strong-buy” rating in a research note on Monday, August 26th. Finally, Oppenheimer dropped their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Target Trading Up 0.4 %

NYSE TGT opened at $148.50 on Thursday. Target Co. has a 52 week low of $105.23 and a 52 week 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. The stock’s 50 day moving average price is $153.33 and its two-hundred day moving average price is $151.51. The stock has a market capitalization of $68.41 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. During the same period in the previous year, the business earned $1.80 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, analysts anticipate that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 3.02%. Target’s dividend payout ratio (DPR) is presently 46.28%.

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.