Target Co. (NYSE:TGT) Stock Position Lifted by Creative Planning

Creative Planning lifted its stake in shares of Target Co. (NYSE:TGT) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,600 shares of the retailer’s stock after purchasing an additional 20,360 shares during the quarter. Creative Planning’s holdings in Target were worth $32,247,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Little House Capital LLC bought a new stake in shares of Target during the 1st quarter worth about $1,041,000. Nordea Investment Management AB raised its holdings in Target by 23.6% during the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after purchasing an additional 122,706 shares in the last quarter. QRG Capital Management Inc. lifted its position in Target by 11.4% in the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after purchasing an additional 6,690 shares during the period. Janney Capital Management LLC bought a new position in Target during the 1st quarter valued at $13,958,000. Finally, Wellington Management Group LLP increased its position in shares of Target by 864.4% during the 4th quarter. Wellington Management Group LLP now owns 57,613 shares of the retailer’s stock valued at $8,205,000 after purchasing an additional 51,639 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The shares were 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 directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred 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 directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was 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. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.23% of the stock is owned by corporate insiders.

Target Price Performance

Shares of NYSE:TGT opened at $156.84 on Monday. The business has a fifty day simple moving average of $152.25 and a 200 day simple moving average of $152.57. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. Target Co. has a 1 year low of $105.23 and a 1 year high of $181.86. The firm has a market cap of $72.56 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $25.19 billion. During the same period in the previous year, the company earned $1.80 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.86%. Target’s dividend payout ratio (DPR) is 50.28%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TGT. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 target price on shares of Target in a research note on Thursday, September 19th. JPMorgan Chase & Co. lifted their price objective on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Stifel Nicolaus increased their target price on shares of Target from $147.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target on the stock in a research report on Monday, August 26th. Finally, Melius Research began coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Target has a consensus rating of “Moderate Buy” and an average target price of $179.69.

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.