Target Co. (NYSE:TGT) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in shares of Target Co. (NYSE:TGT) by 19.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,511 shares of the retailer’s stock after selling 4,355 shares during the quarter. CENTRAL TRUST Co’s holdings in Target were worth $2,885,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Washington Trust Advisors Inc. boosted its holdings 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 acquiring an additional 64 shares during the period. Williams Jones Wealth Management LLC. grew its holdings in Target by 0.6% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock valued at $1,909,000 after buying an additional 68 shares during the last quarter. Beacon Capital Management LLC increased its position in Target by 20.8% in the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after buying an additional 69 shares during the period. Integral Investment Advisors Inc. lifted its holdings in shares of Target by 5.3% during the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after buying an additional 69 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in shares of Target by 0.4% in the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after acquiring an additional 69 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TGT shares. StockNews.com lowered shares of Target from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Melius Research initiated coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price for the company. Truist Financial boosted their price target on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Sanford C. Bernstein initiated coverage on Target in a research report on Tuesday. They issued a “market perform” rating and a $168.00 price objective for the company. Finally, UBS Group lifted their price objective on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction on Friday, August 30th. The shares were 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 owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the 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 sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Target Trading Up 1.4 %

Shares of NYSE TGT opened at $150.17 on Friday. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86. The company has a 50-day moving average of $153.07 and a two-hundred day moving average of $152.23. The company has a market cap of $69.47 billion, a PE ratio of 16.85, a P/E/G ratio of 1.99 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 released its earnings results 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 company had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 earnings per share. As a group, equities analysts expect that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Dividend Announcement

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 paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 50.28%.

About Target

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.