Wealth Alliance Advisory Group LLC acquired a new stake in Target Co. (NYSE:TGT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,418 shares of the retailer’s stock, valued at approximately $213,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in TGT. Sun Life Financial INC boosted its holdings in shares of Target by 739.5% during the 2nd quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock worth $110,000 after buying an additional 1,272 shares during the period. CSat Investment Advisory L.P. bought a new stake in shares of Target during the 2nd quarter worth about $114,000. Duncker Streett & Co. Inc. boosted its holdings in shares of Target by 1,435.0% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock worth $117,000 after buying an additional 1,435 shares during the period. Squar Milner Financial Services LLC bought a new stake in shares of Target during the 2nd quarter worth about $129,000. Finally, Private Capital Group LLC bought a new stake in shares of Target during the 2nd quarter worth about $138,000. 83.59% of the stock is owned by institutional investors.
Several brokerages recently commented on TGT. Citigroup lifted their target price on shares of Target from $76.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, August 27th. Stifel Nicolaus lifted their target price on shares of Target from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Thursday, August 23rd. BMO Capital Markets began coverage on shares of Target in a report on Monday, September 17th. They set a “market perform” rating and a $88.00 target price for the company. Wolfe Research downgraded shares of Target from an “outperform” rating to a “market perform” rating in a report on Thursday, August 23rd. Finally, Barclays lifted their target price on shares of Target from $70.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $87.68.
Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 22nd. The retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.07. Target had a net margin of 4.19% and a return on equity of 24.29%. The business had revenue of $17.78 billion during the quarter, compared to analysts’ expectations of $17.33 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Target Co. will post 5.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, November 20th. Target’s payout ratio is presently 54.35%.
In other news, insider Stephanie A. Lundquist sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total value of $180,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Janna A. Potts sold 15,172 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $88.00, for a total transaction of $1,335,136.00. The disclosure for this sale can be found here. 0.19% 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 beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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