Target Co. (NYSE:TGT) Stake Raised by Forsta AP Fonden

Forsta AP Fonden boosted its stake in shares of Target Co. (NYSE:TGT) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,600 shares of the retailer’s stock after buying an additional 10,800 shares during the period. Forsta AP Fonden’s holdings in Target were worth $19,264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TGT. Hennion & Walsh Asset Management Inc. raised its holdings in Target by 1.1% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,399 shares of the retailer’s stock worth $1,843,000 after buying an additional 112 shares during the period. Alpha Omega Wealth Management LLC acquired a new stake in Target during the 1st quarter worth about $206,000. Vicus Capital acquired a new stake in Target during the 1st quarter worth about $336,000. Founders Financial Securities LLC raised its holdings in Target by 118.1% during the 1st quarter. Founders Financial Securities LLC now owns 9,469 shares of the retailer’s stock worth $1,678,000 after buying an additional 5,127 shares during the period. Finally, New Mexico Educational Retirement Board raised its holdings in Target by 15.8% during the 1st quarter. New Mexico Educational Retirement Board now owns 27,816 shares of the retailer’s stock worth $4,929,000 after buying an additional 3,800 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TGT. JPMorgan Chase & Co. boosted their price objective on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a research report on Monday, August 26th. TD Cowen increased their price target on shares of Target from $165.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target on shares of Target in a research report on Thursday, September 19th. Finally, UBS Group increased their price target on shares of Target from $185.00 to $200.00 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, ten have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Insider Transactions at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of the firm’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 sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Matthew A. Liegel sold 1,000 shares of the firm’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 sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.23% of the company’s stock.

Target Trading Up 0.7 %

Shares of TGT stock opened at $151.16 on Friday. Target Co. has a 12 month low of $105.23 and a 12 month high of $181.86. 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 business’s 50 day moving average is $153.38 and its two-hundred day moving average is $151.95. The company has a market cap of $69.93 billion, a PE ratio of 16.97, a price-to-earnings-growth 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, topping the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. Target’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.80 earnings per share. Equities analysts predict that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.96%. Target’s payout ratio is 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.