Target Co. (NYSE:TGT) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC cut its position in Target Co. (NYSE:TGT) by 37.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,410 shares of the retailer’s stock after selling 71,104 shares during the period. Mizuho Markets Americas LLC’s holdings in Target were worth $18,144,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Spirepoint Private Client LLC purchased a new stake in shares of Target in the 1st quarter valued at $558,000. Connors Investor Services Inc. grew its position in Target by 30.4% during the 1st quarter. Connors Investor Services Inc. now owns 85,261 shares of the retailer’s stock worth $15,109,000 after purchasing an additional 19,888 shares during the period. Ontario Teachers Pension Plan Board raised its stake in shares of Target by 38.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 29,950 shares of the retailer’s stock valued at $5,307,000 after buying an additional 8,330 shares during the last quarter. Patten & Patten Inc. TN boosted its stake in shares of Target by 6.4% in the first quarter. Patten & Patten Inc. TN now owns 9,837 shares of the retailer’s stock worth $1,743,000 after buying an additional 594 shares during the last quarter. Finally, Edgestream Partners L.P. grew its holdings in Target by 146.7% during the first quarter. Edgestream Partners L.P. now owns 9,729 shares of the retailer’s stock worth $1,724,000 after acquiring an additional 5,785 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Down 0.9 %

TGT opened at $152.16 on Friday. The business has a fifty day moving average price of $152.56 and a 200 day moving average price of $150.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. Target Co. has a 12 month low of $127.19 and a 12 month high of $181.86. The stock has a market capitalization of $70.10 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS 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 during the quarter, compared to the consensus estimate of $25.19 billion. During the same period in the previous 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. Sell-side analysts expect that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.94%. Target’s dividend payout ratio (DPR) is currently 46.28%.

Insider Buying and Selling

In other news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction 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 owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 4.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction 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 sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,348 shares of company stock worth $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TGT shares. Wells Fargo & Company boosted their price target on Target from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Oppenheimer decreased their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Jefferies Financial Group raised their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday, August 26th. Finally, Truist Financial increased their target price on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.