Lindenwold Advisors INC Buys 137 Shares of Target Co. (NYSE:TGT)

Lindenwold Advisors INC raised its stake in shares of Target Co. (NYSE:TGT) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,511 shares of the retailer’s stock after purchasing an additional 137 shares during the period. Lindenwold Advisors INC’s holdings in Target were worth $1,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Triad Wealth Partners LLC purchased a new stake in Target in the 2nd quarter worth approximately $25,000. Slocum Gordon & Co LLP bought a new position in shares of Target in the second quarter worth approximately $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Target in the second quarter worth $31,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Target during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The shares were 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 approximately $1,114,173.88. The trade was a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

TGT has been the subject of a number of analyst reports. Bank of America increased their price target on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Roth Mkm increased their target price on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. UBS Group lifted their target price on Target from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Royal Bank of Canada upped their price target on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Melius Research began coverage on shares of Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Target has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Up 2.9 %

Shares of NYSE TGT opened at $156.50 on Tuesday. Target Co. has a 1 year low of $128.37 and a 1 year high of $181.86. The firm has a 50-day simple moving average of $152.68 and a two-hundred day simple moving average of $150.33. The company has a market cap of $72.09 billion, a P/E ratio of 16.17, a PEG ratio of 2.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27.

Target (NYSE:TGT) last issued its quarterly 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 firm had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.80 EPS. Research analysts anticipate that Target Co. will post 9.55 earnings per share for the current year.

Target Announces Dividend

The business 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 dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 46.28%.

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.