Davis R M Inc. Sells 552 Shares of Target Co. (NYSE:TGT)

Davis R M Inc. lowered its position in shares of Target Co. (NYSE:TGT) by 19.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,302 shares of the retailer’s stock after selling 552 shares during the period. Davis R M Inc.’s holdings in Target were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TGT. Daiwa Securities Group Inc. increased its position in Target by 12.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 59,843 shares of the retailer’s stock worth $9,327,000 after buying an additional 6,594 shares during the period. Summit Trail Advisors LLC grew its stake in shares of Target by 26.5% in the third quarter. Summit Trail Advisors LLC now owns 10,797 shares of the retailer’s stock valued at $1,683,000 after acquiring an additional 2,265 shares in the last quarter. Cahill Financial Advisors Inc. increased its position in Target by 1.0% during the third quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock worth $1,197,000 after acquiring an additional 76 shares during the period. SevenBridge Financial Group LLC raised its stake in Target by 7.1% in the 3rd quarter. SevenBridge Financial Group LLC now owns 39,729 shares of the retailer’s stock worth $6,090,000 after purchasing an additional 2,644 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Target in the 3rd quarter valued at about $106,493,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s 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 sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TGT shares. Piper Sandler lowered their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup downgraded Target from a “buy” rating to a “neutral” rating and cut their target price for the company from $188.00 to $130.00 in a research report on Wednesday, November 20th. Roth Mkm decreased their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Daiwa America raised shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.63.

Target Trading Up 4.4 %

NYSE TGT opened at $130.50 on Tuesday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $60.12 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 2.05 and a beta of 1.24. The business’s 50-day moving average price is $150.82 and its two-hundred day moving average price is $149.31.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Target Co. will post 8.6 EPS for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 3.43%. Target’s dividend payout ratio (DPR) is currently 47.51%.

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.