Target Co. (NYSE:TGT) Shares Sold by Huntington National Bank

Huntington National Bank decreased its position in Target Co. (NYSE:TGT) by 37.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 182,410 shares of the retailer’s stock after selling 107,509 shares during the period. Huntington National Bank’s holdings in Target were worth $28,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in shares of Target in the second quarter valued at $25,000. Slocum Gordon & Co LLP purchased a new stake in shares of Target in the second quarter valued at $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Target in the second quarter valued at $31,000. Wolff Wiese Magana LLC lifted its position in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Target in the second quarter valued at $37,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of NYSE TGT opened at $154.99 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The firm has a market cap of $71.40 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 2.01 and a beta of 1.24. The business’s 50-day simple moving average is $152.46 and its 200-day simple moving average is $150.49. Target Co. has a 52 week low of $108.08 and a 52 week high of $181.86.

Target (NYSE:TGT) last announced its earnings results 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 firm had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.89%. Target’s dividend payout ratio is 46.28%.

Insider Activity at Target

In other news, 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Brian C. Cornell sold 45,000 shares of Target 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 completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 52,348 shares of company stock valued at $8,290,995 in the last three months. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TGT. Evercore ISI reduced their target price on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Daiwa Capital Markets upgraded Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price on the stock in a research report on Monday, August 26th. Sanford C. Bernstein began coverage on Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price on the stock. Wells Fargo & Company increased their target price on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 target price on shares of Target in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

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.