Target Co. (NYSE:TGT) Shares Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC grew its stake in shares of Target Co. (NYSE:TGT) by 15.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,749 shares of the retailer’s stock after buying an additional 2,085 shares during the period. HBW Advisory Services LLC’s holdings in Target were worth $2,455,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TGT. Triad Wealth Partners LLC purchased a new stake in Target during the 2nd quarter worth $25,000. Washington Trust Advisors Inc. raised its holdings in shares of Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after buying an additional 64 shares during the period. Slocum Gordon & Co LLP acquired a new position in Target during the 2nd quarter worth approximately $28,000. Retirement Group LLC boosted its holdings in Target by 85.0% in the 1st quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock worth $35,000 after acquiring an additional 91 shares during the period. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Target during the fourth quarter worth $28,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Up 2.4 %

NYSE TGT traded up $3.63 during mid-day trading on Friday, reaching $153.23. 1,899,956 shares of the stock were exchanged, compared to its average volume of 3,991,133. The stock has a market cap of $70.89 billion, a P/E ratio of 16.79, a P/E/G ratio of 2.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. Target Co. has a one year low of $102.93 and a one year high of $181.86. The stock has a 50 day simple moving average of $149.03 and a 200-day simple moving average of $154.18.

Target (NYSE:TGT) last posted its quarterly 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 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 in the prior year, the business earned $1.80 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts anticipate that Target Co. will post 9.53 EPS for the current year.

Target Announces Dividend

The business 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 $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 50.28%.

Wall Street Analyst Weigh In

TGT has been the topic of several recent research reports. Jefferies Financial Group lifted their price objective on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group lifted their price target on Target from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Oppenheimer cut their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Melius Research started coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.69.

Insider Buying and Selling

In other news, 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 transaction of $153,130.00. Following the sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction 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 transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. The trade was 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 valued at $8,290,995. Corporate insiders own 0.23% 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.