Jaffetilchin Investment Partners LLC Sells 162 Shares of Target Co. (NYSE:TGT)

Jaffetilchin Investment Partners LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,618 shares of the retailer’s stock after selling 162 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Target were worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. TAP Consulting LLC purchased a new stake in Target during the third quarter valued at about $2,403,000. Olstein Capital Management L.P. lifted its position in Target by 8.7% in the 3rd quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock worth $7,793,000 after buying an additional 4,000 shares during the last quarter. Janus Henderson Group PLC lifted its position in Target by 20.5% in the 1st quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock worth $38,484,000 after buying an additional 36,941 shares during the last quarter. Eagle Rock Investment Company LLC boosted its stake in Target by 166.3% in the third quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock worth $2,522,000 after buying an additional 10,103 shares in the last quarter. Finally, Swedbank AB purchased a new position in shares of Target during the first quarter worth approximately $107,367,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Up 2.4 %

Shares of Target stock opened at $153.32 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Target Co. has a twelve month low of $107.13 and a twelve month high of $181.86. The company has a market cap of $70.63 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company’s 50 day moving average is $152.39 and its 200 day moving average is $150.63.

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, topping analysts’ consensus estimates of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period last year, the business posted $1.80 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts anticipate that Target Co. will post 9.55 EPS for the current year.

Target Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.92%. Target’s dividend payout ratio (DPR) is 46.28%.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was 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 in the company, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Daiwa America raised shares of Target to a “strong-buy” rating in a research note on Monday, August 26th. Jefferies Financial Group upped their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Target in a report on Thursday, September 19th. JPMorgan Chase & Co. increased their target price on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Citigroup raised their price target on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

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.