Target Co. (NYSE:TGT) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC raised its holdings in Target Co. (NYSE:TGTGet Rating) by 73.2% during the 2nd quarter, Holdings Channel reports. The firm owned 61,872 shares of the retailer’s stock after buying an additional 26,155 shares during the quarter. HB Wealth Management LLC’s holdings in Target were worth $8,738,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Target in the fourth quarter valued at approximately $1,094,330,000. Capital World Investors lifted its position in shares of Target by 22.9% in the fourth quarter. Capital World Investors now owns 8,941,995 shares of the retailer’s stock valued at $2,069,535,000 after acquiring an additional 1,666,948 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Target by 73.9% in the first quarter. Nordea Investment Management AB now owns 1,902,355 shares of the retailer’s stock valued at $414,599,000 after acquiring an additional 808,485 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Target by 1,140.3% in the first quarter. Assenagon Asset Management S.A. now owns 701,790 shares of the retailer’s stock valued at $148,934,000 after acquiring an additional 645,209 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Target by 40.3% in the fourth quarter. Alliancebernstein L.P. now owns 2,148,499 shares of the retailer’s stock valued at $497,249,000 after acquiring an additional 617,060 shares in the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent analyst reports. Guggenheim raised their price target on shares of Target to $190.00 in a report on Monday, August 22nd. Citigroup decreased their price target on shares of Target from $188.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Target from $195.00 to $193.00 and set a “buy” rating for the company in a research report on Thursday, August 18th. Jefferies Financial Group lifted their price objective on shares of Target from $161.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, August 18th. Finally, TheStreet cut shares of Target from a “b-” rating to a “c+” rating in a research report on Friday, June 24th. Nine research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.67.

Target Trading Down 1.6 %

TGT traded down $2.45 during trading on Friday, hitting $150.51. 153,315 shares of the company’s stock were exchanged, compared to its average volume of 3,364,889. The stock has a 50 day moving average price of $163.84 and a 200 day moving average price of $182.03. The company has a current ratio of 0.82, a quick ratio of 0.14 and a debt-to-equity ratio of 1.27. Target Co. has a 1 year low of $137.16 and a 1 year high of $268.98. The firm has a market cap of $69.27 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.02.

Target (NYSE:TGTGet Rating) last issued 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 firm had revenue of $26.04 billion during the quarter, compared to analyst estimates of $26.07 billion. During the same quarter in the prior year, the firm earned $3.64 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts expect that Target Co. will post 8.11 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.87%. Target’s dividend payout ratio (DPR) is presently 49.09%.

Insider Activity at Target

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

Target Company Profile

(Get Rating)

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.

Read More

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)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.