Target Co. (NYSE:TGT) Shares Purchased by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC boosted its position in shares of Target Co. (NYSE:TGT) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,179 shares of the retailer’s stock after purchasing an additional 2,780 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Target were worth $3,613,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new position in shares of Target during the 2nd quarter worth approximately $25,000. Washington Trust Advisors Inc. grew its holdings in Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Slocum Gordon & Co LLP purchased a new position in Target during the second quarter worth $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Target in the second quarter worth $31,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Target by 156.5% in 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 in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TGT shares. Morgan Stanley reiterated an “overweight” rating and set a $180.00 price objective on shares of Target in a research report on Wednesday, August 21st. Roth Mkm lifted their price target on shares of Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Monday, August 26th. JPMorgan Chase & Co. raised their target price on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Bank of America boosted their price target on Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Insiders Place Their Bets

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

Target Stock Up 0.7 %

Shares of Target stock opened at $151.07 on Wednesday. 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 1-year low of $105.23 and a 1-year high of $181.86. The business has a 50-day moving average of $152.71 and a 200-day moving average of $150.99. The company has a market capitalization of $69.59 billion, a PE ratio of 15.61, a P/E/G ratio of 1.95 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings data 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 company 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%. Target’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. As a group, equities analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Dividend Announcement

The business 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 dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.97%. Target’s dividend payout ratio (DPR) is 46.28%.

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.