Janney Capital Management LLC Purchases 12,164 Shares of Target Co. (NYSE:TGT)

Janney Capital Management LLC boosted its position in shares of Target Co. (NYSE:TGT) by 16.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,951 shares of the retailer’s stock after purchasing an additional 12,164 shares during the period. Janney Capital Management LLC’s holdings in Target were worth $13,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC increased its holdings in Target by 17.2% during the 1st quarter. Norden Group LLC now owns 2,229 shares of the retailer’s stock valued at $395,000 after purchasing an additional 327 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Target by 90.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 159,562 shares of the retailer’s stock worth $27,057,000 after purchasing an additional 75,594 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Target by 10.8% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,672 shares of the retailer’s stock valued at $2,068,000 after buying an additional 1,134 shares in the last quarter. Choreo LLC raised its holdings in shares of Target by 2.3% in the first quarter. Choreo LLC now owns 15,841 shares of the retailer’s stock valued at $2,807,000 after buying an additional 354 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC raised its holdings in shares of Target by 18.2% in the first quarter. Bryn Mawr Capital Management LLC now owns 6,918 shares of the retailer’s stock valued at $1,226,000 after buying an additional 1,067 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT opened at $150.84 on Friday. The firm has a market cap of $69.49 billion, a P/E ratio of 15.58, a PEG ratio of 1.94 and a beta of 1.24. Target Co. has a twelve month low of $105.23 and a twelve month high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The firm’s 50 day moving average price is $153.04 and its two-hundred day moving average price is $151.32.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate 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 net margin of 4.18% and a return on equity of 33.10%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 EPS. On average, analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Announces Dividend

The company also recently declared 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. This represents a $4.48 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 46.28%.

Wall Street Analyst Weigh In

TGT has been the subject of several research reports. Truist Financial raised their price objective 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. TD Cowen raised their price target on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Royal Bank of Canada upped their price objective on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI decreased their price objective on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have given 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Insider Transactions at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction 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 sale, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other 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 value of $7,140,150.00. Following the completion of the transaction, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was 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 in the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Target Company 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.