Czech National Bank Raises Holdings in Target Co. (NYSE:TGT)

Czech National Bank boosted its holdings in shares of Target Co. (NYSE:TGT) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,277 shares of the retailer’s stock after buying an additional 6,119 shares during the quarter. Czech National Bank’s holdings in Target were worth $14,694,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rafferty Asset Management LLC grew its holdings in Target by 5.8% in the fourth quarter. Rafferty Asset Management LLC now owns 40,255 shares of the retailer’s stock worth $5,733,000 after purchasing an additional 2,219 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Target by 1.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 53,736 shares of the retailer’s stock valued at $7,653,000 after buying an additional 986 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Target by 1,272.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 68,788 shares of the retailer’s stock valued at $9,797,000 after buying an additional 63,776 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Target by 8.7% during the fourth quarter. Stephens Inc. AR now owns 14,574 shares of the retailer’s stock valued at $2,076,000 after buying an additional 1,166 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Target by 16.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,217,305 shares of the retailer’s stock valued at $173,369,000 after buying an additional 171,408 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

NYSE TGT traded up $3.28 during trading hours on Friday, hitting $152.88. 3,557,483 shares of the company’s stock traded hands, compared to its average volume of 4,000,033. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a market capitalization of $70.73 billion, a PE ratio of 17.16, a PEG ratio of 2.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The firm’s 50-day moving average is $149.11 and its 200-day moving average is $154.08.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company earned $1.80 EPS. Target’s revenue was up 1.0% compared to the same quarter last year. Equities analysts forecast that Target Co. will post 9.53 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 annualized dividend and a yield of 2.93%. Target’s dividend payout ratio is presently 50.28%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of Target from $158.00 to $160.00 and gave the company an “inline” rating in a report on Thursday, August 22nd. Morgan Stanley restated an “overweight” rating and set a $180.00 target price on shares of Target in a research report on Wednesday, August 21st. Jefferies Financial Group boosted their target price 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. Truist Financial boosted their target price on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Finally, TD Cowen boosted their target price on shares of Target from $165.00 to $180.00 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, eight have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.69.

Insider Activity at Target

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 owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,348 shares of company stock valued at $8,290,995. Corporate insiders own 0.23% of the company’s stock.

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.