Schrum Private Wealth Management LLC Has $560,000 Stock Position in Target Co. (NYSE:TGT)

Schrum Private Wealth Management LLC raised its holdings in Target Co. (NYSE:TGT) by 100.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,594 shares of the retailer’s stock after purchasing an additional 1,802 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Target were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TGT. Triad Wealth Partners LLC bought a new stake in Target in the 2nd quarter valued at $25,000. Slocum Gordon & Co LLP bought a new position in shares of Target in the second quarter valued at about $28,000. Hobbs Group Advisors LLC acquired a new stake in shares of Target during the 2nd quarter worth about $31,000. Wolff Wiese Magana LLC boosted its holdings in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Target in the 2nd quarter valued at about $37,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Truist Financial increased their price objective on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Melius Research started coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target on the stock. Evercore ISI dropped their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their target price on shares of Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Target Trading Up 0.5 %

NYSE TGT traded up $0.82 during trading hours on Wednesday, reaching $156.47. The company’s stock had a trading volume of 664,710 shares, compared to its average volume of 3,919,266. The firm has a fifty day simple moving average of $152.46 and a 200-day simple moving average of $150.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. Target Co. has a 52 week low of $108.08 and a 52 week high of $181.86. The stock has a market cap of $72.08 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.97 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, beating the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion during 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 company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share. Equities analysts forecast that Target Co. will post 9.55 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 46.28%.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard H. Gomez sold 6,348 shares of the company’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 value of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock valued at $8,290,995 over the last quarter. Insiders own 0.15% of the company’s stock.

Target Profile

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.