Curi RMB Capital LLC Raises Stock Holdings in Target Co. (NYSE:TGT)

Curi RMB Capital LLC grew its stake in shares of Target Co. (NYSE:TGT) by 1,655.7% during the third quarter, Holdings Channel reports. The institutional investor owned 85,978 shares of the retailer’s stock after buying an additional 81,081 shares during the period. Curi RMB Capital LLC’s holdings in Target were worth $13,401,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target 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 completion of the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The sale 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 business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This 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 worth $8,290,995 over the last three months. Company insiders own 0.15% of the company’s stock.

Target Stock Down 0.4 %

TGT stock opened at $154.99 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Target Co. has a 52 week low of $108.08 and a 52 week high of $181.86. The stock has a market capitalization of $71.40 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The firm has a 50 day moving average of $152.51 and a 200 day moving average of $150.52.

Target (NYSE:TGT) last released its 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 for the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 EPS. Sell-side analysts forecast that Target Co. will post 9.54 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.89%. Target’s dividend payout ratio (DPR) is presently 46.28%.

Analysts Set New Price Targets

Several research firms have weighed in on TGT. Sanford C. Bernstein started coverage on Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target for the company. Daiwa America raised shares of Target to a “strong-buy” rating in a research note on Monday, August 26th. Truist Financial boosted their price target on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Melius Research started coverage on Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Target presently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Target Company 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.