Peddock Capital Advisors LLC Acquires 207 Shares of Target Co. (NYSE:TGT)

Peddock Capital Advisors LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,188 shares of the retailer’s stock after acquiring an additional 207 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Target were worth $2,835,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new position in shares of Target during the 2nd quarter worth approximately $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Target in the 4th quarter valued at approximately $28,000. Slocum Gordon & Co LLP acquired a new stake in shares of Target in the 2nd quarter valued at approximately $28,000. Scarborough Advisors LLC acquired a new stake in shares of Target in the 4th quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Target in the 2nd quarter valued at approximately $31,000. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TGT shares. Oppenheimer cut their price objective on Target from $200.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. UBS Group increased their price objective on Target from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Melius Research started coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price objective for the company. TD Cowen increased their price objective on Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Finally, Piper Sandler started coverage on Target in a report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and an average price target of $179.69.

Insider Buying and Selling at Target

In other Target news, 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 completion of the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Target news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,348 shares of company stock worth $8,290,995. 0.23% of the stock is owned by insiders.

Target Trading Down 0.6 %

TGT traded down $0.85 on Wednesday, hitting $150.47. 431,865 shares of the company were exchanged, compared to its average volume of 3,974,177. Target Co. has a 12 month low of $105.23 and a 12 month high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The firm has a fifty day simple moving average of $149.22 and a two-hundred day simple moving average of $153.60. The stock has a market capitalization of $69.61 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 EPS. Sell-side analysts expect that Target Co. will post 9.53 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is presently 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.