Sigma Planning Corp Has $1.07 Million Stock Holdings in Target Co. (NYSE:TGT)

Sigma Planning Corp trimmed its stake in shares of Target Co. (NYSE:TGT) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,855 shares of the retailer’s stock after selling 2,613 shares during the quarter. Sigma Planning Corp’s holdings in Target were worth $1,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in Target during the 2nd quarter worth approximately $25,000. Slocum Gordon & Co LLP acquired a new stake in shares of Target during the second quarter worth $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Target in the second quarter valued at about $31,000. Wolff Wiese Magana LLC grew its stake 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. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Target during the second quarter worth about $37,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on 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 directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of the company’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 sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. Citigroup increased their target price on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Melius Research started coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. StockNews.com cut Target from a “strong-buy” rating to a “buy” rating in a report on Tuesday. UBS Group raised their price target on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada boosted their price target on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Target Trading Down 0.4 %

TGT opened at $154.99 on Thursday. The company has a fifty day moving average price of $152.46 and a two-hundred day moving average price of $150.49. Target Co. has a 1-year low of $108.08 and a 1-year high of $181.86. The company has a market cap of $71.40 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 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 business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same period in the previous year, the company posted $1.80 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Analysts predict that Target Co. will post 9.54 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 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.