Hilltop Holdings Inc. Has $5.94 Million Stock Position in Target Co. (NYSE:TGT)

Hilltop Holdings Inc. boosted its position in shares of Target Co. (NYSE:TGT) by 334.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,132 shares of the retailer’s stock after buying an additional 29,360 shares during the period. Hilltop Holdings Inc.’s holdings in Target were worth $5,943,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in shares of Target during the 2nd quarter worth $25,000. Slocum Gordon & Co LLP acquired a new position in Target during the second quarter worth about $28,000. Hobbs Group Advisors LLC bought a new position in shares of Target in the second quarter worth about $31,000. Wolff Wiese Magana LLC boosted its stake in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter valued at approximately $36,000. 79.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred 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 transaction, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.15% of the company’s stock.

Target Stock Down 1.2 %

TGT stock opened at $130.73 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock’s 50 day simple moving average is $148.86 and its 200 day simple moving average is $148.45. The company has a market cap of $59.90 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 earnings per share. On average, research analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 dividend on an annualized basis and a yield of 3.43%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analyst Ratings Changes

Several brokerages recently commented on TGT. Truist Financial increased their price objective on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Wells Fargo & Company cut their price objective on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Jefferies Financial Group upped their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Melius Research began coverage on Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. Finally, Roth Mkm lowered their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target of $160.30.

Target 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.