980 Shares in Target Co. (NYSE:TGT) Purchased by Darwin Wealth Management LLC

Darwin Wealth Management LLC acquired a new position in shares of Target Co. (NYSE:TGT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 980 shares of the retailer’s stock, valued at approximately $153,000.

Other hedge funds have also recently modified their holdings of the company. Covestor Ltd lifted its holdings in shares of Target by 43.7% during the 1st quarter. Covestor Ltd now owns 352 shares of the retailer’s stock valued at $62,000 after purchasing an additional 107 shares during the last quarter. Crewe Advisors LLC purchased a new position in Target in the 1st quarter valued at about $103,000. CreativeOne Wealth LLC lifted its stake in Target by 34.7% in the 1st quarter. CreativeOne Wealth LLC now owns 7,238 shares of the retailer’s stock worth $1,282,000 after purchasing an additional 1,866 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Target by 9.0% in the 1st quarter. EP Wealth Advisors LLC now owns 9,108 shares of the retailer’s stock worth $1,614,000 after purchasing an additional 750 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of Target by 26.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 19,098 shares of the retailer’s stock valued at $3,384,000 after buying an additional 3,981 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TGT shares. Jefferies Financial Group boosted 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. TD Cowen boosted their price target on shares of Target from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Bank of America upped their target price on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Oppenheimer reduced their price objective on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus raised their target price on shares of Target from $147.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average target price of $171.90.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 1,000 shares of Target 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 transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 12.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is currently owned by insiders.

Target Price Performance

Shares of Target stock opened at $121.73 on Thursday. The business has a 50 day simple moving average of $152.33 and a two-hundred day simple moving average of $150.12. 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 $56.08 billion, a P/E ratio of 12.58, a PEG ratio of 1.98 and a beta of 1.24. 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 (NYSE:TGT) last issued 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 return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, analysts predict that Target Co. will post 9.55 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is presently 46.28%.

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.