Geller Advisors LLC Trims Stock Position in Target Co. (NYSE:TGT)

Geller Advisors LLC trimmed its stake in Target Co. (NYSE:TGT) by 32.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,107 shares of the retailer’s stock after selling 1,520 shares during the period. Geller Advisors LLC’s holdings in Target were worth $484,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Triad Wealth Partners LLC bought a new stake in Target during the 2nd quarter valued at approximately $25,000. Slocum Gordon & Co LLP bought a new position in Target in the second quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter valued at $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Target during the 2nd quarter valued at $31,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated 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 of the company’s stock, valued at $19,418,510.67. This represents a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $132.39 on Monday. The stock has a 50-day moving average price of $146.39 and a 200 day moving average price of $147.59. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The stock has a market capitalization of $60.66 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.17 and a beta of 1.18.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Target’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Target Co. will post 8.6 EPS for the current fiscal 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 issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.38%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of Target from $165.00 to $137.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and reduced their price objective for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. Guggenheim dropped their target price on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group upped their price target on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.30.

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.