Hexagon Capital Partners LLC Raises Holdings in Target Co. (NYSE:TGT)

Hexagon Capital Partners LLC boosted its stake in Target Co. (NYSE:TGT) by 12.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,344 shares of the retailer’s stock after buying an additional 153 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Target were worth $209,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TGT. Boston Partners acquired a new stake in Target in the 1st quarter worth about $335,870,000. AQR Capital Management LLC increased its position in Target by 711.2% during the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after purchasing an additional 768,479 shares during the last quarter. Swedbank AB acquired a new stake in shares of Target during the 1st quarter worth $107,367,000. Los Angeles Capital Management LLC increased its stake in Target by 44.6% during the first quarter. Los Angeles Capital Management LLC now owns 1,765,496 shares of the retailer’s stock worth $312,864,000 after acquiring an additional 544,920 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Target by 17.5% in the first quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock valued at $558,898,000 after buying an additional 470,647 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $155.97 on Friday. The company has a market capitalization of $72.16 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.00 and a beta of 1.24. 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 12 month low of $105.23 and a 12 month high of $181.86. The stock has a 50 day moving average of $149.30 and a two-hundred day moving average of $153.60.

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 net margin of 4.18% and a return on equity of 33.10%. The firm had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts expect that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 50.28%.

Wall Street Analyst Weigh In

Several research analysts have commented on TGT shares. Truist Financial raised their price objective on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. increased their price target on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price objective on shares of Target in a research note on Thursday, September 19th. Roth Mkm boosted their price objective on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI upped 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, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.69.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The shares were 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 $1,114,173.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing 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 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 completion of the transaction, the insider now directly 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 quarter, insiders sold 52,348 shares of company stock worth $8,290,995. 0.23% of the stock is currently owned by insiders.

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.