BLB&B Advisors LLC Has $1.37 Million Position in Target Co. (NYSE:TGT)

BLB&B Advisors LLC trimmed its stake in shares of Target Co. (NYSE:TGT) by 7.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,775 shares of the retailer’s stock after selling 726 shares during the quarter. BLB&B Advisors LLC’s holdings in Target were worth $1,368,000 as of its most recent SEC filing.

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

Insider Transactions at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction dated 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 owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock valued at $8,290,995 over the last three months. Company insiders own 0.23% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $149.19 on Wednesday. Target Co. has a 1 year low of $105.23 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The business has a fifty day simple moving average of $152.82 and a two-hundred day simple moving average of $152.26. The company has a market capitalization of $69.02 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 EPS. On average, analysts expect that Target Co. will post 9.53 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. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.00%. Target’s dividend payout ratio is currently 50.28%.

Analyst Ratings Changes

Several research firms have recently weighed in on TGT. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price target on shares of Target in a report on Thursday, September 19th. Royal Bank of Canada raised their target price on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their price target on shares of Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Truist Financial boosted their price objective on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Finally, TD Cowen lifted their target price on Target from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.