Pin Oak Investment Advisors Inc. Purchases 90 Shares of Target Co. (NYSE:TGT)

Pin Oak Investment Advisors Inc. lifted its position in shares of Target Co. (NYSE:TGT) by 42.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 303 shares of the retailer’s stock after purchasing an additional 90 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Target were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TGT. International Assets Investment Management LLC raised its holdings in shares of Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after acquiring an additional 1,981,458 shares in the last quarter. Boston Partners bought a new stake in shares of Target during the 1st quarter valued at about $335,870,000. FMR LLC increased its position in shares of Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the period. AQR Capital Management LLC raised its stake in Target by 711.2% in the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after buying an additional 768,479 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Target in the third quarter worth about $106,493,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In other news, 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 of the company’s stock, valued at $19,418,510.67. This represents a 4.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 12.08 % decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TGT shares. Oppenheimer restated an “outperform” rating and set a $165.00 price target on shares of Target in a research report on Monday. Stifel Nicolaus decreased their target price on shares of Target from $165.00 to $137.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. TD Cowen dropped their price target on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Guggenheim reduced their price objective on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Finally, Evercore ISI dropped their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $160.30.

Target Stock Up 2.8 %

NYSE TGT traded up $3.54 during trading on Thursday, reaching $130.09. 6,745,228 shares of the company’s stock traded hands, compared to its average volume of 4,429,671. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company’s 50 day simple moving average is $149.84 and its two-hundred day simple moving average is $148.92. The firm has a market cap of $59.93 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last posted 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 business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 earnings per share. As a group, sell-side analysts forecast that Target Co. will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

The business 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 $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is presently 47.51%.

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.