Target Co. (NYSE:TGT) Holdings Raised by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC boosted its stake in Target Co. (NYSE:TGT) by 13.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,179 shares of the retailer’s stock after buying an additional 2,780 shares during the period. Long Run Wealth Advisors LLC’s holdings in Target were worth $3,613,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Norden Group LLC boosted its stake in Target by 17.2% during the 1st quarter. Norden Group LLC now owns 2,229 shares of the retailer’s stock valued at $395,000 after purchasing an additional 327 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Target by 3.5% in the first quarter. Rehmann Capital Advisory Group now owns 2,143 shares of the retailer’s stock valued at $380,000 after buying an additional 73 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Target during the first quarter valued at about $238,000. Catalina Capital Group LLC acquired a new position in Target during the first quarter worth about $206,000. Finally, Csenge Advisory Group bought a new stake in Target in the first quarter worth about $248,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

NYSE TGT opened at $151.07 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $69.59 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The company has a 50 day moving average price of $152.71 and a two-hundred day moving average price of $150.99.

Target (NYSE:TGT) last released its quarterly earnings data 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. 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%. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 EPS. As a group, equities analysts predict that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is 46.28%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TGT shares. UBS Group raised their price objective on shares of Target from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Bank of America upped their price target on Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Citigroup increased their price objective on Target from $180.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group 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. Finally, Roth Mkm increased their price target on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Target has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’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 transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,348 shares of company stock valued at $8,290,995. Corporate insiders own 0.15% of the company’s stock.

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.