Black Swift Group LLC Acquires Shares of 1,450 Target Co. (NYSE:TGT)

Black Swift Group LLC bought a new position in Target Co. (NYSE:TGT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,450 shares of the retailer’s stock, valued at approximately $226,000.

Several other large investors have also recently modified their holdings of TGT. Triad Wealth Partners LLC purchased a new position in Target during the 2nd quarter valued at about $25,000. Slocum Gordon & Co LLP bought a new stake in Target during the 2nd quarter worth approximately $28,000. Hobbs Group Advisors LLC purchased a new stake in Target in the 2nd quarter worth approximately $31,000. Wolff Wiese Magana LLC boosted its holdings in 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. purchased a new position in shares of Target during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated 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 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. In the last 90 days, insiders have sold 52,348 shares of company stock valued at $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TGT shares. Stifel Nicolaus increased their price objective on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Oppenheimer cut their price objective on Target from $200.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Citigroup raised their target price on shares of Target from $180.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI cut their price target 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, October 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and an average target price of $179.47.

Target Trading Down 0.7 %

Shares of NYSE TGT traded down $1.03 during trading hours on Thursday, hitting $153.96. The company’s stock had a trading volume of 339,901 shares, compared to its average volume of 3,915,883. Target Co. has a 12 month low of $124.88 and a 12 month high of $181.86. The stock has a market cap of $70.92 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 2.01 and a beta of 1.24. 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 has a 50-day simple moving average of $152.51 and a 200-day simple moving average of $150.52.

Target (NYSE:TGT) last issued its quarterly earnings data 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 firm had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.80 EPS. On average, analysts anticipate that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.91%. Target’s dividend payout ratio is 46.28%.

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.