Lmcg Investments LLC Buys 379 Shares of Target Co. (NYSE:TGT)

Lmcg Investments LLC raised its stake in Target Co. (NYSE:TGT) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,197 shares of the retailer’s stock after purchasing an additional 379 shares during the quarter. Lmcg Investments LLC’s holdings in Target were worth $654,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Target by 0.7% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 11,270 shares of the retailer’s stock valued at $1,757,000 after acquiring an additional 76 shares in the last quarter. F M Investments LLC grew its position in Target by 89.7% during the 3rd quarter. F M Investments LLC now owns 23,387 shares of the retailer’s stock worth $3,636,000 after acquiring an additional 11,059 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Target by 17.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,792 shares of the retailer’s stock worth $1,154,000 after acquiring an additional 1,181 shares during the last quarter. Phillips Wealth Planners LLC grew its position in shares of Target by 11.9% in the 3rd quarter. Phillips Wealth Planners LLC now owns 4,517 shares of the retailer’s stock valued at $718,000 after buying an additional 482 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Target by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,976 shares of the retailer’s stock valued at $1,399,000 after buying an additional 1,431 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

NYSE:TGT opened at $150.84 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The firm has a market capitalization of $69.49 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.92 and a beta of 1.24. The company’s 50-day moving average is $153.04 and its two-hundred day moving average is $151.32. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 EPS. Analysts forecast that Target Co. will post 9.53 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 46.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Sanford C. Bernstein assumed coverage on Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target on the stock. Royal Bank of Canada boosted their price objective on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Oppenheimer dropped their price target on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Piper Sandler assumed coverage on Target in a research note on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target on the stock. Finally, Bank of America boosted their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. One investment 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. According to data from MarketBeat, Target has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Insider Transactions at Target

In related news, insider Richard H. Gomez sold 6,348 shares of the firm’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 completion of the sale, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Richard H. Gomez sold 6,348 shares of Target 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 completion of the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 stock was 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 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 quarter, insiders sold 52,348 shares of company stock worth $8,290,995. Company insiders own 0.15% of the company’s stock.

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.