CreativeOne Wealth LLC Purchases 1,402 Shares of Target Co. (NYSE:TGT)

CreativeOne Wealth LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 31.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,877 shares of the retailer’s stock after buying an additional 1,402 shares during the period. CreativeOne Wealth LLC’s holdings in Target were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Triad Wealth Partners LLC purchased a new position in shares of Target during the second quarter worth about $25,000. Slocum Gordon & Co LLP purchased a new position in Target in the 2nd quarter worth approximately $28,000. Hobbs Group Advisors LLC bought a new position in shares of Target in the 2nd 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 buying an additional 133 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Target during the 2nd quarter valued at $37,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Up 1.8 %

Shares of TGT opened at $132.39 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm’s 50-day moving average price is $148.86 and its 200-day moving average price is $148.59. The firm has a market capitalization of $60.99 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.13 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 yield of 3.38%. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research analyst reports. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. 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. Morgan Stanley restated an “overweight” rating and issued a $180.00 target price on shares of Target in a research report on Wednesday, August 21st. JPMorgan Chase & Co. reduced their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Target in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $160.30.

Insider Buying and Selling at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company’s stock.

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.