Target Co. (NYSE:TGT) Holdings Lifted by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL grew its position in Target Co. (NYSE:TGTGet Rating) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,131 shares of the retailer’s stock after purchasing an additional 110 shares during the period. Gofen & Glossberg LLC IL’s holdings in Target were worth $2,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mutual Advisors LLC boosted its holdings in shares of Target by 8.0% in the fourth quarter. Mutual Advisors LLC now owns 9,966 shares of the retailer’s stock valued at $2,307,000 after acquiring an additional 738 shares in the last quarter. Blair William & Co. IL boosted its holdings in Target by 9.0% during the fourth quarter. Blair William & Co. IL now owns 130,230 shares of the retailer’s stock worth $30,140,000 after buying an additional 10,794 shares in the last quarter. IMA Wealth Inc. boosted its holdings in Target by 0.9% during the fourth quarter. IMA Wealth Inc. now owns 10,091 shares of the retailer’s stock worth $2,335,000 after buying an additional 89 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in Target by 18.3% during the fourth quarter. Navellier & Associates Inc. now owns 39,178 shares of the retailer’s stock worth $9,067,000 after buying an additional 6,063 shares in the last quarter. Finally, Jag Capital Management LLC boosted its holdings in Target by 39.0% during the fourth quarter. Jag Capital Management LLC now owns 34,798 shares of the retailer’s stock worth $8,054,000 after buying an additional 9,764 shares in the last quarter. Institutional investors own 77.42% of the company’s stock.

Insider Transactions at Target

In related news, insider John J. Mulligan sold 39,101 shares of Target stock in a transaction dated 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 directly owns 118,425 shares of the company’s stock, valued at approximately $19,660,918.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider John J. Mulligan sold 39,101 shares of Target stock in a transaction dated 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 directly owns 118,425 shares of the company’s stock, valued at approximately $19,660,918.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,226 shares of Target stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $173.80, for a total transaction of $213,078.80. Following the transaction, the chief accounting officer now directly owns 2,812 shares of the company’s stock, valued at $488,725.60. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Target to an “overweight” rating in a report on Tuesday, August 9th. Truist Financial upped their price target on shares of Target from $150.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, August 18th. Cowen upped their price target on shares of Target to $210.00 in a research report on Monday, August 22nd. The Goldman Sachs Group upped their price target on shares of Target from $155.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 18th. Finally, Piper Sandler assumed coverage on shares of Target in a research report on Friday, July 22nd. They issued a “neutral” rating and a $190.00 price target for the company. Nine research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.67.

Target Stock Down 3.8 %

Shares of TGT stock opened at $152.96 on Friday. Target Co. has a one year low of $137.16 and a one year high of $268.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.14. The stock has a fifty day moving average price of $163.84 and a 200 day moving average price of $182.03. The stock has a market cap of $70.40 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.99 and a beta of 1.02.

Target (NYSE:TGTGet Rating) last posted its earnings results on Wednesday, August 17th. The retailer reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.32). The business had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $26.07 billion. Target had a net margin of 3.92% and a return on equity of 35.15%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.64 EPS. Analysts predict that Target Co. will post 8.11 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.82%. Target’s payout ratio is presently 49.09%.

Target Company Profile

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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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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