NavPoint Financial Inc. Sells 1,717 Shares of Target Co. (NYSE:TGT)

NavPoint Financial Inc. lowered its holdings in shares of Target Co. (NYSE:TGT) by 14.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,354 shares of the retailer’s stock after selling 1,717 shares during the quarter. Target comprises about 1.3% of NavPoint Financial Inc.’s investment portfolio, making the stock its 19th biggest position. NavPoint Financial Inc.’s holdings in Target were worth $1,614,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in shares of Target in the 2nd quarter worth approximately $25,000. Slocum Gordon & Co LLP acquired a new stake in Target during the second quarter worth $28,000. Hobbs Group Advisors LLC acquired a new stake in Target during the second quarter worth $31,000. Washington Trust Advisors Inc. raised its stake 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 in the last quarter. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TGT shares. Melius Research assumed coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price on the stock. Daiwa America raised shares of Target to a “strong-buy” rating in a research note on Monday, August 26th. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price for the company in a research note on Monday, August 26th. Bank of America raised their price target on Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, UBS Group increased their target price on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Target Trading Up 2.5 %

TGT stock opened at $150.91 on Friday. The firm has a market cap of $69.52 billion, a P/E ratio of 15.59, a PEG ratio of 1.93 and a beta of 1.24. Target Co. has a 52-week low of $105.23 and a 52-week high of $181.86. The company’s 50-day simple moving average is $152.52 and its 200-day simple moving average is $150.96. 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 (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. During the same quarter in the previous year, the company posted $1.80 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Announces Dividend

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

Insiders Place Their Bets

In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Matthew A. Liegel sold 1,000 shares of the firm’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 transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

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.