Target Co. (NYSE:TGT) Shares Bought by River Global Investors LLP

River Global Investors LLP raised its stake in Target Co. (NYSE:TGT) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,460 shares of the retailer’s stock after purchasing an additional 654 shares during the period. River Global Investors LLP’s holdings in Target were worth $2,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TGT. Triad Wealth Partners LLC acquired a new stake in Target in the 2nd quarter valued at about $25,000. Slocum Gordon & Co LLP purchased a new position in shares of Target in the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Target in the 2nd quarter valued at about $31,000. Washington Trust Advisors Inc. increased its holdings in shares of Target by 56.1% in 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 last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Target by 156.5% in 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 last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value 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. The trade was 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 at the SEC website. In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction dated 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 directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This trade 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 valued at $8,290,995 over the last quarter. Company insiders own 0.15% of the company’s stock.

Target Price Performance

Shares of NYSE TGT traded down $1.13 during trading on Friday, reaching $149.78. The company had a trading volume of 3,323,610 shares, compared to its average volume of 3,336,026. Target Co. has a twelve month low of $105.23 and a twelve month high of $181.86. The stock has a market capitalization of $69.00 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The stock has a 50-day moving average price of $152.39 and a two-hundred day moving average price of $150.84. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95.

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

Target Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is currently 46.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TGT. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Target in a report on Thursday, September 19th. Bank of America increased their price objective on Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Oppenheimer dropped their price objective on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Evercore ISI dropped their price objective on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Finally, Citigroup raised their price target on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Target has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Target 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.