Pathstone Holdings LLC Has $18.52 Million Stock Holdings in Target Co. (NYSE:TGT)

Pathstone Holdings LLC lifted its position in shares of Target Co. (NYSE:TGT) by 0.4% in the third quarter, Holdings Channel reports. The institutional investor owned 118,798 shares of the retailer’s stock after acquiring an additional 424 shares during the period. Pathstone Holdings LLC’s holdings in Target were worth $18,516,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TGT. Triad Wealth Partners LLC acquired a new stake in Target in the 2nd quarter worth about $25,000. Slocum Gordon & Co LLP bought a new position in shares of Target during the second quarter worth approximately $28,000. Hobbs Group Advisors LLC acquired a new stake in shares of Target in the second quarter valued at approximately $31,000. Wolff Wiese Magana LLC boosted its stake 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 buying an additional 133 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Target during the second quarter worth approximately $37,000. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction 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 transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This trade represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated 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 sale, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 over the last ninety days. Insiders own 0.15% of the company’s stock.

Target Price Performance

TGT stock opened at $156.00 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target Co. has a 52-week low of $128.37 and a 52-week high of $181.86. The company has a market capitalization of $71.87 billion, a P/E ratio of 16.12, a PEG ratio of 1.98 and a beta of 1.24. The company has a fifty day moving average price of $152.84 and a 200-day moving average price of $150.32.

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 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 during the quarter, compared to analyst estimates of $25.19 billion. During the same period last year, the company earned $1.80 EPS. Target’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Target Co. will post 9.55 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 46.28%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TGT shares. Daiwa America upgraded Target to a “strong-buy” rating in a research report on Monday, August 26th. Sanford C. Bernstein assumed coverage on Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Truist Financial boosted their target price on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Finally, Melius Research started coverage on shares of Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. One research 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 stock. According to data from MarketBeat, Target has a consensus rating of “Moderate Buy” and a consensus price target 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.