Transform Wealth LLC Has $405,000 Position in Target Co. (NYSE:TGT)

Transform Wealth LLC boosted its holdings in Target Co. (NYSE:TGT) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,598 shares of the retailer’s stock after acquiring an additional 232 shares during the quarter. Transform Wealth LLC’s holdings in Target were worth $405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. boosted its position in Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the period. Williams Jones Wealth Management LLC. grew its stake in Target by 0.6% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock valued at $1,909,000 after buying an additional 68 shares during the last quarter. Beacon Capital Management LLC lifted its position in Target by 20.8% during the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after acquiring an additional 69 shares during the last quarter. Integral Investment Advisors Inc. boosted its holdings in shares of Target by 5.3% during the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after acquiring an additional 69 shares during the period. Finally, Haverford Trust Co grew its position in shares of Target by 0.3% in the first quarter. Haverford Trust Co now owns 27,472 shares of the retailer’s stock valued at $4,868,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares of the company’s stock, 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 can be accessed through this link. In related news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was 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 in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,348 shares of company stock worth $8,290,995. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

TGT has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating and issued a $180.00 price target on shares of Target in a research note on Wednesday, August 21st. Bank of America boosted their target price on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Piper Sandler started coverage on shares of Target in a research report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group raised their target price on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and an average price target of $179.69.

Target Trading Down 1.1 %

NYSE TGT opened at $158.88 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a market cap of $73.50 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.99 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 business’s fifty day moving average is $151.39 and its 200 day moving average is $153.02.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. The company 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 business’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 earnings per share. As a group, sell-side analysts expect that Target Co. will post 9.53 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is currently 50.28%.

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.