Glenmede Trust Co. NA Sells 668 Shares of Target Co. (NYSE:TGT)

Glenmede Trust Co. NA cut its position in Target Co. (NYSE:TGT) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 189,524 shares of the retailer’s stock after selling 668 shares during the quarter. Glenmede Trust Co. NA’s holdings in Target were worth $29,539,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TGT. International Assets Investment Management LLC raised its position in shares of Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after buying an additional 1,981,458 shares in the last quarter. Boston Partners bought a new position in Target in the 1st quarter worth about $335,870,000. FMR LLC raised its holdings in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Target by 711.2% during the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after acquiring an additional 768,479 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Target during the third quarter worth about $106,493,000. 79.73% of the stock is owned by institutional investors.

Insider Transactions at Target

In related news, insider Richard H. Gomez sold 6,348 shares of the firm’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 completion of the sale, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

Target Stock Up 2.8 %

Shares of NYSE TGT opened at $130.11 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The firm has a fifty day simple moving average of $149.84 and a two-hundred day simple moving average of $148.92. The firm has a market capitalization of $59.94 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the company posted $2.10 EPS. The firm’s revenue was up .9% on a year-over-year basis. Equities analysts expect that Target Co. will post 8.6 earnings per share for the current year.

Target Dividend Announcement

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 issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.44%. Target’s payout ratio is 47.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Melius Research initiated coverage on shares of Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein started coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $160.30.

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.