waypoint wealth counsel Invests $203,000 in Target Co. (NYSE:TGT)

waypoint wealth counsel purchased a new stake in Target Co. (NYSE:TGT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,300 shares of the retailer’s stock, valued at approximately $203,000.

Several other institutional investors have also made changes to their positions in TGT. Allied Investment Advisors LLC increased its position in shares of Target by 3.9% in the third quarter. Allied Investment Advisors LLC now owns 60,135 shares of the retailer’s stock worth $9,373,000 after purchasing an additional 2,231 shares during the period. HBW Advisory Services LLC lifted its holdings in shares of Target by 15.3% in the third quarter. HBW Advisory Services LLC now owns 15,749 shares of the retailer’s stock worth $2,455,000 after acquiring an additional 2,085 shares during the last quarter. Rockland Trust Co. boosted its stake in shares of Target by 3.0% in the 3rd quarter. Rockland Trust Co. now owns 9,016 shares of the retailer’s stock valued at $1,405,000 after purchasing an additional 262 shares in the last quarter. Farmers Trust Co. grew its holdings in shares of Target by 38.1% during the 3rd quarter. Farmers Trust Co. now owns 2,128 shares of the retailer’s stock valued at $332,000 after purchasing an additional 587 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its stake in Target by 1.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 11,134 shares of the retailer’s stock valued at $1,735,000 after purchasing an additional 110 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Trading Up 2.2 %

Shares of Target stock traded up $3.28 during trading on Friday, reaching $152.88. The company’s stock had a trading volume of 3,557,483 shares, compared to its average volume of 4,000,033. The company has a market cap of $70.73 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.00 and a beta of 1.24. The firm’s 50-day moving average is $149.11 and its two-hundred day moving average is $153.98. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. 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 (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. During the same period last year, the firm earned $1.80 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Target Co. will post 9.53 earnings per share for the current 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 given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.93%. Target’s payout ratio is currently 50.28%.

Insider Activity

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on 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 $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of Target 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 approximately $19,418,510.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TGT shares. Citigroup upped their price target on Target from $180.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 target price on shares of Target in a research report on Thursday, September 19th. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a report on Monday, August 26th. StockNews.com raised shares of Target from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI lifted their target price on shares of Target from $158.00 to $160.00 and gave the stock an “inline” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Target has an average rating of “Moderate Buy” and a consensus target price of $179.69.

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.