J. W. Coons Advisors LLC bought a new position in shares of Target Co. (NYSE:TGT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,460 shares of the retailer's stock, valued at approximately $539,000.
Several other hedge funds have also recently added to or reduced their stakes in TGT. TAP Consulting LLC bought a new position in Target during the third quarter worth $2,403,000. Olstein Capital Management L.P. increased its position in shares of Target by 8.7% during the third quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer's stock valued at $7,793,000 after purchasing an additional 4,000 shares during the period. Janus Henderson Group PLC boosted its position in shares of Target by 20.5% during the 1st quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer's stock valued at $38,484,000 after acquiring an additional 36,941 shares in the last quarter. Eagle Rock Investment Company LLC grew its stake in shares of Target by 166.3% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer's stock valued at $2,522,000 after purchasing an additional 10,103 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Target in the 1st quarter valued at $107,367,000. Institutional investors own 79.73% of the company's stock.
NYSE TGT opened at $152.13 on Monday. The stock has a market capitalization of $70.08 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.01 and a beta of 1.24. Target Co. has a 52 week low of $127.19 and a 52 week high of $181.86. The stock's 50 day moving average price is $152.56 and its two-hundred day moving average price is $150.34. 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 (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.39. The firm had revenue of $25.02 billion during the quarter, compared to analysts' expectations of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.80 earnings per share. As a group, analysts anticipate that Target Co. will post 9.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.94%. Target's dividend payout ratio is 46.28%.
In other news, insider Richard H. Gomez sold 6,348 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the sale, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock valued at $8,290,995 over the last three months. Insiders own 0.15% of the company's stock.
Several analysts have weighed in on TGT shares. UBS Group upped their price objective on shares of Target from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. TD Cowen raised their price target on Target from $165.00 to $180.00 and gave the company a "hold" rating in a report on Thursday, August 22nd. Oppenheimer lowered their target price on Target from $200.00 to $180.00 and set an "outperform" rating for the company in a research note on Wednesday, August 14th. Citigroup boosted their target price on shares of Target from $180.00 to $188.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Finally, 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 report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $179.47.
View Our Latest Stock Report on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Target, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Target wasn't on the list.
While Target currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.