Target Co. (NYSE:TGT) Shares Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,404 shares of the retailer’s stock after acquiring an additional 681 shares during the period. Insight Wealth Strategies LLC’s holdings in Target were worth $2,713,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new position in shares of Target during the second quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Target during the fourth quarter valued at approximately $28,000. Slocum Gordon & Co LLP bought a new stake in shares of Target during the second quarter valued at approximately $28,000. Scarborough Advisors LLC bought a new stake in shares of Target during the fourth quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in Target during the second quarter worth approximately $31,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE TGT traded up $0.78 during mid-day trading on Tuesday, hitting $149.78. 274,249 shares of the stock were exchanged, compared to its average volume of 3,977,231. The company has a market cap of $69.29 billion, a P/E ratio of 16.73, a PEG ratio of 2.00 and a beta of 1.24. The stock’s fifty day simple moving average is $149.11 and its two-hundred day simple moving average is $153.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target Co. has a twelve month low of $103.74 and a twelve month high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 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 business had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. Target’s revenue was up 1.0% compared to the same quarter last year. As a group, 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. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.99%. Target’s payout ratio is presently 50.28%.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the 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 sale, the chief accounting officer now directly owns 7,276 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the 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 sale, the chief accounting officer now directly owns 7,276 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,348 shares of company stock valued at $8,290,995. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TGT has been the topic of several recent analyst reports. StockNews.com raised Target from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Morgan Stanley reissued an “overweight” rating and set a $180.00 target price on shares of Target in a research note on Wednesday, August 21st. Oppenheimer lowered their price target on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. UBS Group upped their price objective on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group upped their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given 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, Target presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.69.

Target Company 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.