Opinicus Capital Inc. Purchases 552 Shares of Target Co. (NYSE:TGT)

Opinicus Capital Inc. boosted its stake in Target Co. (NYSE:TGT) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,553 shares of the retailer’s stock after purchasing an additional 552 shares during the period. Opinicus Capital Inc.’s holdings in Target were worth $1,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Triad Wealth Partners LLC bought a new position in shares of Target during the 2nd quarter worth about $25,000. Slocum Gordon & Co LLP purchased a new stake in shares of Target in the second quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new position in shares of Target during the 2nd quarter worth approximately $31,000. Washington Trust Advisors Inc. lifted its holdings 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 acquiring an additional 64 shares during the period. Finally, Wolff Wiese Magana LLC raised its stake in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TGT. Daiwa America raised shares of Target to a “strong-buy” rating in a report on Monday, August 26th. Evercore ISI reduced their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted 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. Finally, Bank of America boosted their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the 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 sale, 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 sale was disclosed in a document filed 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 stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $7,140,150.00. Following the completion of the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. 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 three months, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

Target Stock Up 2.1 %

TGT stock traded up $3.12 on Monday, reaching $152.90. 733,386 shares of the company traded hands, compared to its average volume of 3,915,055. Target Co. has a one year low of $107.13 and a one 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 company has a market cap of $70.44 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The firm has a fifty day simple moving average of $152.39 and a 200-day simple moving average of $150.63.

Target (NYSE:TGT) last posted its quarterly earnings data 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. Target had a return on equity of 33.10% and a net margin of 4.18%. The company had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same quarter last year, the company earned $1.80 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts anticipate that Target Co. will post 9.55 earnings per share for the current year.

Target Announces Dividend

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 paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.93%. Target’s dividend payout ratio is 46.28%.

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.