Tyler Stone Wealth Management Boosts Holdings in Target Co. (NYSE:TGT)

Tyler Stone Wealth Management grew its position in shares of Target Co. (NYSE:TGT) by 56.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,242 shares of the retailer’s stock after buying an additional 806 shares during the quarter. Tyler Stone Wealth Management’s holdings in Target were worth $349,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in Target by 6.8% during the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after buying an additional 279,656 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Target by 11.4% during the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after acquiring an additional 440,307 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Target by 17.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock worth $558,898,000 after acquiring an additional 470,647 shares during the period. Dimensional Fund Advisors LP increased its stake in Target by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock valued at $461,031,000 after purchasing an additional 435,229 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in Target by 9.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer’s stock worth $458,131,000 after purchasing an additional 272,521 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $153.32 on Tuesday. 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 Co. has a one year low of $107.13 and a one year high of $181.86. The business’s 50-day moving average price is $152.39 and its two-hundred day moving average price is $150.63. The company has a market capitalization of $70.63 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24.

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

Target Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is presently 46.28%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Daiwa America upgraded shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Sanford C. Bernstein assumed coverage on shares of Target in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target on the stock. Jefferies Financial Group raised their price objective 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. Bank of America upped their target price on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Oppenheimer dropped their price target on Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One equities 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,348 shares of company stock valued at $8,290,995. Insiders own 0.15% of the company’s stock.

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.