Handelsbanken Fonder AB Has $23.68 Million Holdings in Target Co. (NYSE:TGT)

Handelsbanken Fonder AB grew its holdings in Target Co. (NYSE:TGT) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,896 shares of the retailer’s stock after buying an additional 1,681 shares during the period. Handelsbanken Fonder AB’s holdings in Target were worth $23,675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. waypoint wealth counsel bought a new position in Target during the third quarter worth $203,000. Allied Investment Advisors LLC raised its position in shares of Target by 3.9% in the third quarter. Allied Investment Advisors LLC now owns 60,135 shares of the retailer’s stock valued at $9,373,000 after purchasing an additional 2,231 shares during the period. HBW Advisory Services LLC lifted its stake in shares of Target by 15.3% during the 3rd quarter. HBW Advisory Services LLC now owns 15,749 shares of the retailer’s stock worth $2,455,000 after buying an additional 2,085 shares during the last quarter. Rockland Trust Co. boosted its holdings in shares of Target by 3.0% during the 3rd quarter. Rockland Trust Co. now owns 9,016 shares of the retailer’s stock worth $1,405,000 after buying an additional 262 shares during the period. Finally, Farmers Trust Co. grew its stake in Target by 38.1% in the 3rd quarter. Farmers Trust Co. now owns 2,128 shares of the retailer’s stock valued at $332,000 after buying an additional 587 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction 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 transaction, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was 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 in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group raised their price objective on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Citigroup lifted their price target on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Roth Mkm upped their price objective on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Oppenheimer lowered their price objective on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, Melius Research started coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price for the company. One investment 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’s stock. Based on data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and a consensus price target of $179.69.

Target Price Performance

TGT stock traded up $3.28 during midday trading on Friday, reaching $152.88. 3,557,483 shares of the stock were exchanged, 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 fifty day moving average price of $149.11 and a 200 day moving average price of $153.98. 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 stock has a market capitalization of $70.73 billion, a PE ratio of 17.16, a P/E/G ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating 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 prior year, the business posted $1.80 earnings per share. Target’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, analysts expect that Target Co. will post 9.53 EPS 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 issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is 50.28%.

Target 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.