Stephens Inc. AR Has $2.65 Million Stock Holdings in Target Co. (NYSE:TGT)

Stephens Inc. AR boosted its stake in shares of Target Co. (NYSE:TGT) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,002 shares of the retailer’s stock after purchasing an additional 632 shares during the period. Stephens Inc. AR’s holdings in Target were worth $2,650,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new position in Target during the second quarter valued at approximately $25,000. Slocum Gordon & Co LLP acquired a new position in Target during the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC acquired a new position in Target during the second quarter valued at approximately $31,000. Washington Trust Advisors Inc. boosted its position in Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. 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 buying an additional 133 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TGT shares. Stifel Nicolaus lifted their target price on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their target price on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Wells Fargo & Company lifted their target price on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Target in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Target presently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Target Price Performance

Target stock opened at $150.84 on Monday. The stock has a market capitalization of $69.49 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. Target Co. has a 52 week low of $105.23 and a 52 week high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The stock has a fifty day moving average of $153.04 and a 200-day moving average of $151.23.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. On average, sell-side analysts expect that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.97%. Target’s dividend payout ratio (DPR) is presently 46.28%.

Insider Buying and Selling at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was 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, CAO Matthew A. Liegel sold 1,000 shares of the business’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 transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The trade was 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 dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares in the company, valued at $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. In the last quarter, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

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.