Capital Investment Advisors LLC Sells 6,199 Shares of Target Co. (NYSE:TGT)

Capital Investment Advisors LLC lowered its position in shares of Target Co. (NYSE:TGT) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,601 shares of the retailer’s stock after selling 6,199 shares during the quarter. Capital Investment Advisors LLC’s holdings in Target were worth $11,160,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TGT. Wellington Management Group LLP boosted its position in Target by 864.4% during the fourth quarter. Wellington Management Group LLP now owns 57,613 shares of the retailer’s stock valued at $8,205,000 after acquiring an additional 51,639 shares during the last quarter. Perpetual Ltd boosted its position in shares of Target by 2.3% during the 1st quarter. Perpetual Ltd now owns 5,818 shares of the retailer’s stock worth $1,031,000 after purchasing an additional 131 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Target by 13.3% during the 1st quarter. Wedmont Private Capital now owns 4,534 shares of the retailer’s stock worth $778,000 after purchasing an additional 533 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Target by 0.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 38,127 shares of the retailer’s stock worth $6,756,000 after purchasing an additional 127 shares in the last quarter. Finally, &PARTNERS bought a new position in shares of Target during the 1st quarter worth about $710,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Truist Financial increased their price objective on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Bank of America increased their price objective on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research report on Monday, August 26th. Finally, Daiwa America raised shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $179.69.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 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 disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 in the last quarter. Insiders own 0.23% of the company’s stock.

Target Trading Up 0.6 %

Shares of TGT stock opened at $156.78 on Friday. The company has a 50 day moving average of $152.25 and a 200-day moving average of $152.90. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The firm has a market cap of $72.53 billion, a P/E ratio of 17.60, a PEG ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same quarter last year, the business posted $1.80 EPS. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts anticipate that Target Co. will post 9.53 earnings per share 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 paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.86%. Target’s payout ratio is currently 50.28%.

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.