Leavell Investment Management Inc. Has $882,000 Position in Target Co. (NYSE:TGT)

Leavell Investment Management Inc. boosted its stake in shares of Target Co. (NYSE:TGT) by 7.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,658 shares of the retailer’s stock after purchasing an additional 402 shares during the quarter. Leavell Investment Management Inc.’s holdings in Target were worth $882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in Target in the 2nd quarter valued at $25,000. Washington Trust Advisors Inc. grew its position in shares of Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Slocum Gordon & Co LLP bought a new position in shares of Target in the second quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Target during the 2nd quarter worth about $31,000. Finally, Wolff Wiese Magana LLC boosted its stake in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $149.78 on Friday. Target Co. has a 1 year low of $105.23 and a 1 year high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The firm’s 50 day moving average is $152.39 and its 200-day moving average is $150.84. The firm has a market capitalization of $69.00 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.90 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to analyst estimates 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 last year, the company earned $1.80 EPS. Sell-side analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.99%. Target’s payout ratio is presently 46.28%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup upped their price target on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Evercore ISI reduced their price target on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a report on Tuesday, October 22nd. Truist Financial boosted their price objective on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Jefferies Financial Group increased their target price on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their target price on Target from $160.00 to $180.00 and gave the stock an “overweight” 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, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Target has a consensus rating of “Moderate Buy” and an average target price of $179.47.

Insider Activity

In related news, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the 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 completion of the transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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 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.