Leo Wealth LLC Sells 134 Shares of Target Co. (NYSE:TGT)

Leo Wealth LLC trimmed its position in Target Co. (NYSE:TGT) by 7.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,722 shares of the retailer’s stock after selling 134 shares during the quarter. Leo Wealth LLC’s holdings in Target were worth $268,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TGT. Triad Wealth Partners LLC purchased a new stake in Target in the second quarter valued at about $25,000. Washington Trust Advisors Inc. increased its holdings in shares of 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 in the last quarter. Slocum Gordon & Co LLP purchased a new position in shares of Target in the 2nd quarter valued at approximately $28,000. Retirement Group LLC boosted its stake 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 purchasing an additional 91 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in Target during the 2nd quarter worth approximately $31,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of Target stock opened at $149.19 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The business’s 50 day moving average price is $152.82 and its 200 day moving average price is $152.26. The company has a market cap of $69.02 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.99 and a beta of 1.24. Target Co. has a one year low of $105.23 and a one year high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. Target’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.80 EPS. On average, research analysts predict that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is presently 50.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TGT shares. Evercore ISI lowered their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Tuesday. Wells Fargo & Company lifted their price target on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. TD Cowen increased their price objective on Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Bank of America raised their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $180.00 price target on shares of Target in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and an average target price of $179.47.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. 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 shares were 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 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction 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 transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.23% of the stock is currently owned by insiders.

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.