Mitchell Mcleod Pugh & Williams Inc. Lowers Stock Holdings in Target Co. (NYSE:TGT)

Mitchell Mcleod Pugh & Williams Inc. decreased its position in shares of Target Co. (NYSE:TGT) by 1.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,156 shares of the retailer’s stock after selling 100 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Target were worth $804,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TGT. Triad Wealth Partners LLC purchased a new stake in Target during the second quarter valued at about $25,000. Slocum Gordon & Co LLP purchased a new stake in Target during the second quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Target in the second quarter worth about $31,000. Washington Trust Advisors Inc. increased its holdings in shares of Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after buying an additional 64 shares during the period. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Target in a report on Thursday, September 19th. Daiwa America upgraded Target to a “strong-buy” rating in a report on Monday, August 26th. Jefferies Financial Group lifted their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Evercore ISI decreased their price objective on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Finally, Daiwa Capital Markets upgraded Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target on the stock in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Performance

TGT traded down $1.13 during mid-day trading on Friday, reaching $149.78. 3,323,610 shares of the company traded hands, compared to its average volume of 3,336,026. The stock has a market capitalization of $69.00 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.90 and a beta of 1.24. 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’s fifty day moving average price is $152.39 and its 200-day moving average price is $150.84. Target Co. has a 52-week low of $105.23 and a 52-week high of $181.86.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. On average, sell-side analysts expect that Target Co. will post 9.54 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid 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 dividend payout ratio is presently 46.28%.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

About Target

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.