9,827 Shares in Target Co. (NYSE:TGT) Acquired by Courier Capital LLC

Courier Capital LLC acquired a new position in Target Co. (NYSE:TGT) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 9,827 shares of the retailer’s stock, valued at approximately $1,532,000.

Other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new position in shares of Target in the second quarter worth approximately $25,000. Washington Trust Advisors Inc. grew its position in Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Slocum Gordon & Co LLP bought a new position in Target during the second quarter valued at approximately $28,000. Retirement Group LLC grew its position in Target by 85.0% during the first quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after acquiring an additional 91 shares during the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in Target during the second quarter valued at approximately $31,000. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was 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 in the company, valued at $1,114,173.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.23% of the stock is currently owned by company insiders.

Target Stock Performance

Shares of Target stock opened at $148.04 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $68.49 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.99 and a beta of 1.24. The business has a fifty day simple moving average of $153.07 and a two-hundred day simple moving average of $152.23. Target Co. has a 12 month low of $105.23 and a 12 month high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate 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%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 earnings per share. On average, equities analysts forecast that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Dividend Announcement

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 given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.03%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 50.28%.

Wall Street Analyst Weigh In

A number of research analysts have commented on TGT shares. Piper Sandler started coverage on shares of Target in a research report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target on the stock. Roth Mkm increased their price target 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. JPMorgan Chase & Co. increased their price objective on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Morgan Stanley reissued an “overweight” rating and set a $180.00 price objective on shares of Target in a research note on Wednesday, August 21st. Finally, Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective for the company in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

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.