Cary Street Partners Asset Management LLC Buys 2,557 Shares of Target Co. (NYSE:TGT)

Cary Street Partners Asset Management LLC raised its stake in shares of Target Co. (NYSE:TGT) by 19.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,804 shares of the retailer’s stock after purchasing an additional 2,557 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in Target were worth $2,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new stake in Target in the second quarter valued at approximately $25,000. Washington Trust Advisors Inc. grew its holdings in shares of Target by 56.1% in the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after buying an additional 64 shares during the period. Slocum Gordon & Co LLP bought a new stake in shares of Target in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC acquired a new stake in Target during the 2nd quarter worth $31,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Jefferies Financial Group increased their price target on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Roth Mkm raised their target price on shares of Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Truist Financial upped their price target on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Bank of America raised their price objective on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Target Trading Down 0.6 %

Shares of TGT stock opened at $149.99 on Tuesday. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The firm has a 50 day moving average price of $152.86 and a two-hundred day moving average price of $151.11. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $69.10 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. As a group, analysts predict that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is 46.28%.

Insiders Place Their Bets

In other Target 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 transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This 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 other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated 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 directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.

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.