Darwin Wealth Management LLC Takes Position in Target Co. (NYSE:TGT)

Darwin Wealth Management LLC purchased a new stake in Target Co. (NYSE:TGT) during the third quarter, HoldingsChannel.com reports. The fund purchased 980 shares of the retailer’s stock, valued at approximately $153,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Triad Wealth Partners LLC bought a new position in shares of Target during the second quarter valued at $25,000. Slocum Gordon & Co LLP acquired a new position in shares of Target during the 2nd quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Target in the 2nd quarter valued at approximately $31,000. Wolff Wiese Magana LLC grew its position in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Target during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’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 directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The trade was a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the 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 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. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock valued at $8,290,995 in the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Target Stock Down 21.2 %

NYSE:TGT opened at $121.73 on Thursday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The stock has a market cap of $56.08 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.98 and a beta of 1.24. The stock has a 50-day moving average price of $152.33 and a two-hundred day moving average price of $150.12.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.10 EPS. As a group, equities analysts expect that Target Co. will post 9.55 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.68%. Target’s dividend payout ratio is presently 46.28%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TGT. Stifel Nicolaus upped their price objective on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Truist Financial increased their target price on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Roth Mkm raised their price objective on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Evercore ISI dropped their target price on Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Finally, Citigroup downgraded Target from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $188.00 to $130.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.90.

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.