Signature Estate & Investment Advisors LLC Takes $209,000 Position in Target Co. (NYSE:TGT)

Signature Estate & Investment Advisors LLC bought a new position in shares of Target Co. (NYSE:TGT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,343 shares of the retailer’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management grew its position in shares of Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares during the period. Beacon Capital Management LLC boosted its holdings in shares of Target by 20.8% in the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after buying an additional 69 shares during the period. Integral Investment Advisors Inc. raised its holdings in shares of Target by 5.3% during the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after acquiring an additional 69 shares during the period. Trust Co. of Vermont raised its holdings in shares of Target by 0.4% during the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after acquiring an additional 69 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position in Target by 9.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 806 shares of the retailer’s stock valued at $119,000 after acquiring an additional 71 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Target

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

Wall Street Analyst Weigh In

TGT has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada boosted their target price on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Truist Financial raised their price target 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. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price objective on shares of Target in a research report on Wednesday. Finally, Stifel Nicolaus raised their target price 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 analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Target has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Down 0.9 %

TGT stock opened at $152.13 on Friday. The business’s fifty day moving average price is $152.56 and its two-hundred day moving average price is $150.39. The stock has a market capitalization of $70.08 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.00 and a beta of 1.24. Target Co. has a fifty-two week low of $127.19 and a fifty-two week 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.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share 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 business had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same quarter in the previous year, the company earned $1.80 EPS. The business’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts anticipate that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed 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 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 (DPR) is presently 46.28%.

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.