Valtinson Bruner Financial Planning LLC Boosts Stake in Target Co. (NYSE:TGT)

Valtinson Bruner Financial Planning LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,103 shares of the retailer’s stock after buying an additional 536 shares during the period. Valtinson Bruner Financial Planning LLC’s holdings in Target were worth $607,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in shares of Target in the second quarter worth approximately $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in Target in the 4th quarter worth approximately $28,000. Slocum Gordon & Co LLP purchased a new stake in Target during the 2nd quarter valued at $28,000. Private Wealth Management Group LLC bought a new position in shares of Target during the 4th quarter valued at $29,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Target in the 4th quarter worth $29,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Down 0.4 %

Shares of TGT opened at $151.28 on Friday. The business’s 50 day simple moving average is $147.63 and its 200-day simple moving average is $155.06. Target Co. has a 1 year low of $102.93 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 stock has a market capitalization of $69.99 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.99 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, beating the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same quarter last year, the business earned $1.80 earnings per share. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Target Co. will post 9.49 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $1.12 per share. This is a boost from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 2.96%. The ex-dividend date is Wednesday, August 21st. Target’s payout ratio is presently 50.28%.

Analysts Set New Price Targets

A number of research firms have weighed in on TGT. BNP Paribas started coverage on Target in a report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 target price on the stock. Truist Financial upped their target price on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Morgan Stanley reissued an “overweight” rating and set a $180.00 price objective on shares of Target in a research report on Wednesday, August 21st. 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 report on Thursday, August 22nd. Finally, Citigroup upped their price target on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.68.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of the business’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 transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value 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 approximately $1,114,173.88. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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.