HBW Advisory Services LLC lessened its holdings in shares of Target Corporation (NYSE:TGT – Free Report) by 42.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,012 shares of the retailer’s stock after selling 7,400 shares during the quarter. HBW Advisory Services LLC’s holdings in Target were worth $1,569,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new position in shares of Target in the 2nd quarter valued at approximately $26,000. Kimelman & Baird LLC acquired a new stake in shares of Target during the second quarter worth approximately $26,000. Archer Investment Corp acquired a new stake in shares of Target during the second quarter worth approximately $30,000. MidFirst Bank acquired a new stake in shares of Target during the fourth quarter worth approximately $31,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of Target by 245.6% during the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after buying an additional 194 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Target Price Performance
Shares of NYSE TGT opened at $155.33 on Thursday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $70.57 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 2.82 and a beta of 0.98. The business has a 50 day simple moving average of $157.48 and a 200-day simple moving average of $139.54.
Target Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be paid a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 annualized dividend and a yield of 3.0%. Target’s payout ratio is presently 48.18%.
Insider Buying and Selling at Target
In other news, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
TGT has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on shares of Target from $166.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Morgan Stanley reiterated an “overweight” rating on shares of Target in a research note on Thursday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Truist Financial boosted their target price on shares of Target from $147.00 to $167.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. Finally, Roth Capital reissued a “neutral” rating and issued a $142.00 target price on shares of Target in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $159.33.
View Our Latest Stock Report on TGT
Target Profile
Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping channels under the Target brand. The company sells a broad assortment of products, including apparel and accessories, beauty and personal care items, home furnishings, electronics, groceries, toys, seasonal merchandise and everyday essentials.
Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.
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