Jaffetilchin Investment Partners LLC Sells 162 Shares of Target Co. (NYSE:TGT)

Jaffetilchin Investment Partners LLC lowered its holdings in shares of Target Co. (NYSE:TGT) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,618 shares of the retailer’s stock after selling 162 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Target were worth $564,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jag Capital Management LLC grew its position in shares of Target by 1.9% in the 3rd quarter. Jag Capital Management LLC now owns 17,453 shares of the retailer’s stock valued at $2,720,000 after buying an additional 329 shares during the last quarter. Chartwell Investment Partners LLC bought a new stake in Target in the third quarter valued at approximately $1,247,000. Proffitt & Goodson Inc. increased its position in Target by 2.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after purchasing an additional 73 shares during the period. Kennebec Savings Bank acquired a new position in shares of Target in the 3rd quarter worth approximately $681,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Target in the 3rd quarter valued at $174,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated 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 $48,210,768.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock valued at $8,290,995 over the last quarter. Company insiders own 0.15% of the company’s stock.

Target Trading Up 2.4 %

NYSE:TGT opened at $153.32 on Tuesday. Target Co. has a 12 month low of $107.13 and a 12 month 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 $150.63. The stock has a market capitalization of $70.63 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 earnings per share. Sell-side analysts expect 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. 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 2.92%. Target’s payout ratio is 46.28%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TGT shares. Roth Mkm lifted their price objective on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. raised their price objective on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. TD Cowen increased their target price on shares of Target from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Evercore ISI decreased their price target 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. Finally, Morgan Stanley reissued an “overweight” rating and set a $180.00 price objective on shares of Target in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Company 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.