Target Co. (NYSE:TGT) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its stake in shares of Target Co. (NYSE:TGT) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,020 shares of the retailer’s stock after selling 1,527 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Target were worth $3,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Triad Wealth Partners LLC acquired a new stake in Target during the second quarter valued at approximately $25,000. Slocum Gordon & Co LLP acquired a new stake in shares of Target during the 2nd quarter valued at approximately $28,000. Hobbs Group Advisors LLC bought a new position in Target during the second quarter worth $31,000. Wolff Wiese Magana LLC boosted its holdings in 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 purchasing an additional 133 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Target during the second quarter valued at $37,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating and issued a $180.00 price target on shares of Target in a research report on Wednesday, August 21st. Daiwa America upgraded Target to a “strong-buy” rating in a research note on Monday, August 26th. Wells Fargo & Company increased their price target on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price objective on shares of Target in a research report on Wednesday. Finally, UBS Group increased their target price on Target from $185.00 to $200.00 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 issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.47.

Insider Activity

In other news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction that occurred 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 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

Target Stock Down 0.4 %

Shares of Target stock opened at $154.99 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Target Co. has a 12-month low of $108.08 and a 12-month high of $181.86. The firm has a market capitalization of $71.40 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The stock’s fifty day moving average is $152.46 and its 200-day moving average is $150.49.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same period last year, the company posted $1.80 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts anticipate that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

The company 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. This represents a $4.48 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 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.