Target Co. (NYSE:TGT) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. reduced its position in Target Co. (NYSE:TGT) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,900 shares of the retailer’s stock after selling 325 shares during the period. Weatherly Asset Management L. P.’s holdings in Target were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Norden Group LLC raised its holdings in Target by 17.2% in the 1st quarter. Norden Group LLC now owns 2,229 shares of the retailer’s stock worth $395,000 after purchasing an additional 327 shares during the period. Diversify Advisory Services LLC purchased a new stake in shares of Target in the first quarter valued at approximately $727,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Target by 90.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 159,562 shares of the retailer’s stock worth $27,057,000 after buying an additional 75,594 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of Target by 28.3% during the 1st quarter. Resonant Capital Advisors LLC now owns 2,179 shares of the retailer’s stock valued at $386,000 after buying an additional 481 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Target by 10.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,672 shares of the retailer’s stock valued at $2,068,000 after acquiring an additional 1,134 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In related news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Target from $165.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Stifel Nicolaus raised their price target on shares of Target from $147.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Citigroup increased their target price on Target from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley restated an “overweight” rating and set a $180.00 price target on shares of Target in a research report on Wednesday, August 21st. Finally, Sanford C. Bernstein started coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Target currently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Target Stock Performance

Target stock opened at $150.84 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target Co. has a one year low of $105.23 and a one year high of $181.86. The stock’s 50 day moving average price is $153.04 and its 200 day moving average price is $151.40. The firm has a market capitalization of $69.49 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. As a group, sell-side analysts expect that Target Co. will post 9.53 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is 46.28%.

About Target

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.