Target Co. (NYSE:TGT) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC reduced its position in shares of Target Co. (NYSE:TGT) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,884 shares of the retailer’s stock after selling 880 shares during the period. Fidelis Capital Partners LLC’s holdings in Target were worth $723,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TGT. Triad Wealth Partners LLC acquired a new position in shares of Target in the 2nd quarter worth approximately $25,000. Washington Trust Advisors Inc. boosted its holdings in Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Slocum Gordon & Co LLP acquired a new position in Target in the second quarter worth approximately $28,000. Retirement Group LLC increased its holdings in shares of Target by 85.0% in the first quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after buying an additional 91 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Target in the fourth quarter valued at $28,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Down 1.1 %

Target stock opened at $154.75 on Monday. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company’s fifty day moving average price is $148.48 and its two-hundred day moving average price is $154.85. 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 company has a market capitalization of $71.59 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.90 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 EPS. On average, analysts forecast that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 50.28%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price objective on shares of Target in a research note on Thursday. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price objective on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Daiwa America upgraded shares of Target to a “strong-buy” rating in a report on Monday, August 26th. Finally, Evercore ISI lifted their target price on shares of Target from $158.00 to $160.00 and gave the stock an “inline” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have assigned 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 $179.68.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the transaction, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s 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 sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. 0.23% of the stock is currently 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.