Thrivent Financial for Lutherans Acquires 490 Shares of Target Co. (NYSE:TGT)

Thrivent Financial for Lutherans raised its holdings in shares of Target Co. (NYSE:TGT) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,025 shares of the retailer’s stock after purchasing an additional 490 shares during the period. Thrivent Financial for Lutherans’ holdings in Target were worth $4,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its stake 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 valued at $311,937,000 after buying an additional 1,981,458 shares during the period. Boston Partners bought a new stake in shares of Target during the 1st quarter valued at about $335,870,000. AQR Capital Management LLC increased its position in Target by 711.2% in the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after buying an additional 768,479 shares in the last quarter. Swedbank AB purchased a new position in shares of Target during the first quarter valued at approximately $107,367,000. Finally, Victory Capital Management Inc. grew its position in Target by 11.4% during the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after buying an additional 440,307 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on TGT shares. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and cut their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. TD Cowen cut their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday. Piper Sandler decreased their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Target in a research report on Wednesday, August 21st. Finally, Daiwa America raised Target to a “strong-buy” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.13.

Target Trading Up 2.8 %

TGT opened at $125.01 on Monday. The business’s 50 day moving average price is $151.27 and its 200 day moving average price is $149.54. Target Co. has a one year low of $120.21 and a one year high of $181.86. The stock has a market capitalization of $57.59 billion, a PE ratio of 13.26, a P/E/G ratio of 1.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 EPS. As a group, equities research analysts expect that Target Co. will post 9.58 EPS for the current year.

Target Dividend Announcement

The business also recently announced 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 3.58%. Target’s payout ratio is 47.51%.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred 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 sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 12.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock worth $8,290,995 in the last quarter. 0.15% of the stock is owned by company insiders.

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.