Target Co. (NYSE:TGT) Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lifted its holdings in shares of Target Co. (NYSE:TGT) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,532 shares of the retailer’s stock after buying an additional 1,429 shares during the period. Valley Wealth Managers Inc.’s holdings in Target were worth $17,695,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Legal & General Group Plc boosted its position in shares of Target by 6.8% during the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after buying an additional 279,656 shares during the period. Victory Capital Management Inc. boosted its position in shares of Target by 11.4% during the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after buying an additional 440,307 shares during the period. Clearbridge Investments LLC lifted its position in Target by 17.5% in the first quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock worth $558,898,000 after purchasing an additional 470,647 shares during the period. Dimensional Fund Advisors LP lifted its position in Target by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock worth $461,031,000 after purchasing an additional 435,229 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in Target by 9.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer’s stock worth $458,131,000 after purchasing an additional 272,521 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is owned by insiders.

Target Stock Up 0.3 %

NYSE:TGT traded up $0.39 during trading hours on Friday, reaching $153.86. The company’s stock had a trading volume of 252,970 shares, compared to its average volume of 3,916,785. Target Co. has a one year low of $127.19 and a one year high of $181.86. The business’s 50-day moving average is $152.54 and its 200-day moving average is $150.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The company has a market cap of $70.88 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same period in the previous year, the company earned $1.80 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts predict that Target Co. will post 9.54 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 46.28%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 target price on shares of Target in a research note on Wednesday, August 21st. Roth Mkm raised their price objective on shares of Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. UBS Group lifted their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Stifel Nicolaus increased their price objective on Target from $147.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Finally, Bank of America boosted their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.47.

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.