Fidelis Capital Partners LLC Sells 880 Shares of Target Co. (NYSE:TGT)

Fidelis Capital Partners LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 15.3% in the second quarter, Holdings Channel reports. The firm owned 4,884 shares of the retailer’s stock after selling 880 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Target were worth $723,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TGT. Little House Capital LLC bought a new position in shares of Target during the 1st quarter worth approximately $1,041,000. Nordea Investment Management AB lifted its holdings in shares of Target by 23.6% during the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock valued at $112,686,000 after acquiring an additional 122,706 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Target by 11.4% in the 1st quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after purchasing an additional 6,690 shares in the last quarter. Janney Capital Management LLC bought a new stake in shares of Target in the 1st quarter worth about $13,958,000. Finally, United Services Automobile Association increased its position in shares of Target by 134.6% during the 4th quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock worth $14,781,000 after purchasing an additional 59,553 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of the company’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 completion of the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Target Trading Down 1.1 %

NYSE:TGT opened at $154.75 on Monday. 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 Co. has a 1-year low of $102.93 and a 1-year high of $181.86. The firm has a market capitalization of $71.59 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.90 and a beta of 1.24. The business’s 50-day moving average price is $148.48 and its two-hundred day moving average price is $154.85.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating 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 business had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period last year, the company posted $1.80 EPS. Target’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 9.53 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.89%. Target’s dividend payout ratio is 50.28%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Bank of America boosted their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. TD Cowen raised their price target on Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Evercore ISI boosted their price objective on Target from $158.00 to $160.00 and gave the stock an “inline” rating in a research note on Thursday, August 22nd. Finally, Piper Sandler assumed coverage on Target in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.68.

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.