Target Co. (NYSE:TGT) Shares Bought by Copperwynd Financial LLC

Copperwynd Financial LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 9.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,837 shares of the retailer’s stock after acquiring an additional 398 shares during the period. Copperwynd Financial LLC’s holdings in Target were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TGT. Creative Planning grew its stake in shares of Target by 4.2% in the second quarter. Creative Planning now owns 198,240 shares of the retailer’s stock worth $29,347,000 after purchasing an additional 7,978 shares in the last quarter. Raab & Moskowitz Asset Management LLC grew its position in Target by 8.1% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 2,588 shares of the retailer’s stock valued at $383,000 after buying an additional 193 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in Target by 39.5% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 339 shares of the retailer’s stock valued at $50,000 after buying an additional 96 shares during the period. Security National Bank of SO Dak raised its position in shares of Target by 0.6% during the 2nd quarter. Security National Bank of SO Dak now owns 14,211 shares of the retailer’s stock worth $2,104,000 after buying an additional 85 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Target by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after acquiring an additional 279,656 shares during the period. 79.73% of the stock is owned by institutional investors.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was 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 of the company’s stock, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Target Price Performance

Shares of TGT opened at $155.18 on Friday. The business’s 50-day moving average is $148.75 and its 200-day moving average is $154.47. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The company has a market capitalization of $71.79 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.00 and a beta of 1.24. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86.

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

Target Announces Dividend

The company 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 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is currently 50.28%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TGT. JPMorgan Chase & Co. boosted their target price on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Roth Mkm lifted their target price on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Citigroup upped their price target on shares of Target from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.69.

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.