Intellectus Partners LLC Acquires 213 Shares of Target Co. (NYSE:TGT)

Intellectus Partners LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,595 shares of the retailer’s stock after acquiring an additional 213 shares during the period. Intellectus Partners LLC’s holdings in Target were worth $872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Balboa Wealth Partners purchased a new stake in Target in the 3rd quarter valued at $287,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Target by 6.0% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,710 shares of the retailer’s stock valued at $1,981,000 after purchasing an additional 716 shares during the last quarter. Black Swift Group LLC bought a new position in shares of Target during the third quarter valued at about $226,000. Metis Global Partners LLC boosted its holdings in Target by 2.1% during the third quarter. Metis Global Partners LLC now owns 19,515 shares of the retailer’s stock worth $3,042,000 after purchasing an additional 406 shares during the last quarter. Finally, Curi RMB Capital LLC grew its position in Target by 1,655.7% in the 3rd quarter. Curi RMB Capital LLC now owns 85,978 shares of the retailer’s stock worth $13,401,000 after purchasing an additional 81,081 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

Target Trading Down 0.9 %

Target stock opened at $152.16 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target Co. has a fifty-two week low of $127.19 and a fifty-two week high of $181.86. The stock has a market cap of $70.10 billion, a P/E ratio of 15.72, a PEG ratio of 2.00 and a beta of 1.24. The firm’s fifty day moving average price is $152.54 and its 200-day moving average price is $150.54.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping 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 business had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. During the same period in the prior year, the company earned $1.80 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts forecast that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.94%. Target’s dividend payout ratio is presently 46.28%.

Analyst Ratings Changes

Several equities analysts have commented on TGT shares. Citigroup lifted their target price on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price target on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. StockNews.com downgraded Target from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Evercore ISI lowered their target price on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their price target on shares of Target from $147.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.47.

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.