Valicenti Advisory Services Inc. Sells 100 Shares of Target Co. (NYSE:TGT)

Valicenti Advisory Services Inc. decreased its stake in shares of Target Co. (NYSE:TGT) by 4.1% during the third quarter, HoldingsChannel reports. The firm owned 2,325 shares of the retailer’s stock after selling 100 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Target were worth $362,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Triad Wealth Partners LLC purchased a new position in Target during the 2nd quarter valued at about $25,000. Slocum Gordon & Co LLP purchased a new position in Target during the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new position in Target during the 2nd quarter valued at about $31,000. Washington Trust Advisors Inc. lifted its position in Target by 56.1% during the 1st 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 period. Finally, Wolff Wiese Magana LLC lifted its position in Target by 156.5% during the 3rd 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 period. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $150.17 on Friday. The firm has a 50 day moving average of $153.07 and a 200 day moving average of $152.23. 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 $69.47 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86.

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 business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. On average, research analysts anticipate that Target Co. will post 9.53 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.98%. Target’s payout ratio is currently 50.28%.

Insiders Place Their Bets

In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, 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 completion of the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This 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 can be accessed through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the company’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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 over the last three months. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TGT. Daiwa America raised shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Bank of America lifted their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. StockNews.com cut shares of Target from a “strong-buy” rating to a “buy” rating in a report on Thursday. Melius Research started coverage on shares of Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Target has an average rating of “Moderate Buy” and a consensus 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.