Mitchell Mcleod Pugh & Williams Inc. Sells 100 Shares of Target Co. (NYSE:TGT)

Mitchell Mcleod Pugh & Williams Inc. lowered its position in Target Co. (NYSE:TGT) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,156 shares of the retailer’s stock after selling 100 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Target were worth $804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in shares of Target by 11.4% during the 1st quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after purchasing an additional 6,690 shares during the last quarter. TAP Consulting LLC bought a new position in shares of Target in the 3rd quarter valued at about $2,403,000. Olstein Capital Management L.P. lifted its holdings in shares of Target by 8.7% in the 3rd quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock valued at $7,793,000 after acquiring an additional 4,000 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Target by 20.5% in the 1st quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock valued at $38,484,000 after acquiring an additional 36,941 shares during the last quarter. Finally, Eagle Rock Investment Company LLC lifted its holdings in shares of Target by 166.3% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock valued at $2,522,000 after acquiring an additional 10,103 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, 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 a total of 52,348 shares of company stock valued at $8,290,995 in the last three months. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a report on Monday, August 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Target in a report on Wednesday, August 21st. UBS Group increased their price target on shares of Target from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company increased their price target on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, StockNews.com raised shares of Target from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Target Stock Performance

Target stock traded down $1.13 during mid-day trading on Friday, hitting $149.78. The company had a trading volume of 3,323,610 shares, compared to its average volume of 3,336,026. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The company’s fifty day moving average is $152.39 and its 200-day moving average is $150.84. The company has a market capitalization of $69.00 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.90 and a beta of 1.24.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. The business 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 quarter in the prior year, the firm posted $1.80 EPS. Equities research analysts predict that Target Co. will post 9.54 EPS for the current year.

Target Dividend Announcement

The firm 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 dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is 46.28%.

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.