Target Co. (NYSE:TGT) Stock Holdings Cut by Private Advisor Group LLC

Private Advisor Group LLC lessened its position in Target Co. (NYSE:TGTGet Rating) by 15.8% during the second quarter, Holdings Channel reports. The institutional investor owned 78,633 shares of the retailer’s stock after selling 14,786 shares during the quarter. Private Advisor Group LLC’s holdings in Target were worth $11,106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Landmark Wealth Management LLC bought a new stake in Target during the first quarter worth approximately $25,000. Blume Capital Management Inc. acquired a new stake in shares of Target during the 1st quarter valued at $25,000. Delos Wealth Advisors LLC acquired a new stake in shares of Target during the 4th quarter valued at $29,000. Roble Belko & Company Inc acquired a new position in shares of Target in the 1st quarter worth $32,000. Finally, Cornerstone Advisory LLC acquired a new stake in shares of Target during the fourth quarter worth $36,000. Institutional investors own 77.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Piper Sandler initiated coverage on Target in a research note on Friday, July 22nd. They issued a “neutral” rating and a $190.00 price target on the stock. Barclays cut their price target on shares of Target from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Target from $195.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 18th. KeyCorp assumed coverage on shares of Target in a research note on Wednesday, September 14th. They set an “overweight” rating and a $200.00 target price on the stock. Finally, DA Davidson increased their price target on shares of Target to $203.00 in a research report on Monday, August 22nd. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.67.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 1,226 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $173.80, for a total value of $213,078.80. Following the completion of the sale, the chief accounting officer now directly owns 2,812 shares of the company’s stock, valued at approximately $488,725.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Target news, CAO Matthew A. Liegel sold 1,226 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $173.80, for a total value of $213,078.80. Following the completion of the transaction, the chief accounting officer now owns 2,812 shares of the company’s stock, valued at approximately $488,725.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John J. Mulligan sold 39,101 shares of Target stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $166.02, for a total value of $6,491,548.02. Following the sale, the insider now directly owns 118,425 shares in the company, valued at approximately $19,660,918.50. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Target Stock Performance

Shares of TGT opened at $152.96 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.14. Target Co. has a one year low of $137.16 and a one year high of $268.98. The company’s fifty day moving average price is $163.84 and its 200 day moving average price is $182.03. The company has a market capitalization of $70.40 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02.

Target (NYSE:TGTGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.32). Target had a return on equity of 35.15% and a net margin of 3.92%. The business had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $26.07 billion. During the same quarter in the previous year, the firm posted $3.64 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts expect that Target Co. will post 8.11 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.82%. Target’s dividend payout ratio is 49.09%.

Target Profile

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Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

Further Reading

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGTGet Rating).

Institutional Ownership by Quarter for Target (NYSE:TGT)

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