Target Co. (NYSE:TGT) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC cut its stake in Target Co. (NYSE:TGT) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,940 shares of the retailer’s stock after selling 631 shares during the quarter. WealthPLAN Partners LLC’s holdings in Target were worth $770,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. lifted its stake in shares of Target by 2.9% in the 3rd quarter. Harbour Investments Inc. now owns 7,345 shares of the retailer’s stock valued at $1,145,000 after purchasing an additional 205 shares during the last quarter. Opinicus Capital Inc. lifted its position in Target by 7.9% in the third quarter. Opinicus Capital Inc. now owns 7,553 shares of the retailer’s stock valued at $1,177,000 after buying an additional 552 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Target by 6.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 19,129 shares of the retailer’s stock valued at $2,982,000 after buying an additional 1,218 shares during the last quarter. Loudon Investment Management LLC boosted its stake in Target by 7.2% during the third quarter. Loudon Investment Management LLC now owns 30,519 shares of the retailer’s stock worth $4,757,000 after buying an additional 2,040 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Target by 249.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,318 shares of the retailer’s stock valued at $361,000 after acquiring an additional 1,655 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research analyst reports. Evercore ISI lowered their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Sanford C. Bernstein started coverage on Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price for the company. Daiwa America raised shares of Target to a “strong-buy” rating in a research note on Monday, August 26th. StockNews.com downgraded shares of Target from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. One 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.47.

Insider Buying and Selling

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 stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now 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 sale was disclosed in a filing with the SEC, which is available through this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated 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 directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of Target 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 sale, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

Target Stock Performance

NYSE:TGT opened at $153.32 on Tuesday. Target Co. has a fifty-two week low of $107.13 and a fifty-two week high of $181.86. The firm’s 50 day moving average is $152.38 and its two-hundred day moving average is $150.55. The company has a market cap of $70.63 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.93 and a beta of 1.24. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. During the same period in the previous year, the company posted $1.80 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Target Co. will post 9.55 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is 46.28%.

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.