Carr Financial Group Corp Has $600,000 Position in Target Co. (NYSE:TGT)

Carr Financial Group Corp lessened its holdings in shares of Target Co. (NYSE:TGT) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,847 shares of the retailer’s stock after selling 781 shares during the quarter. Carr Financial Group Corp’s holdings in Target were worth $600,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its stake in shares of Target by 11.4% in the 1st quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after purchasing an additional 6,690 shares during the last quarter. TAP Consulting LLC acquired a new stake in shares of Target in the third quarter worth about $2,403,000. Olstein Capital Management L.P. boosted its stake in shares of Target by 8.7% during the 3rd quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock worth $7,793,000 after acquiring an additional 4,000 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Target by 20.5% during the 1st quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock valued at $38,484,000 after acquiring an additional 36,941 shares during the last quarter. Finally, Eagle Rock Investment Company LLC raised its stake in shares of Target by 166.3% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock valued at $2,522,000 after acquiring an additional 10,103 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Target stock opened at $149.78 on Friday. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The stock has a 50-day simple moving average of $152.39 and a 200 day simple moving average of $150.84. 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 $69.00 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.90 and a beta of 1.24.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.80 earnings per share. On average, research analysts anticipate that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.99%. Target’s dividend payout ratio (DPR) is currently 46.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price for the company in a research report on Monday, August 26th. Sanford C. Bernstein began coverage on shares of Target in a report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price objective for the company. Oppenheimer dropped their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Target from $153.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group raised their price target on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Insider Transactions at Target

In related news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction 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 sale, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. 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 90 days. 0.15% of the stock is owned by insiders.

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.