Opinicus Capital Inc. Grows Position in Target Co. (NYSE:TGT)

Opinicus Capital Inc. raised its holdings in shares of Target Co. (NYSE:TGT) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,553 shares of the retailer’s stock after acquiring an additional 552 shares during the quarter. Opinicus Capital Inc.’s holdings in Target were worth $1,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atomi Financial Group Inc. increased its holdings in shares of Target by 30.1% in the first quarter. Atomi Financial Group Inc. now owns 1,840 shares of the retailer’s stock worth $326,000 after purchasing an additional 426 shares during the last quarter. Sei Investments Co. increased its stake in Target by 4.7% during the first quarter. Sei Investments Co. now owns 260,087 shares of the retailer’s stock worth $46,089,000 after acquiring an additional 11,629 shares during the last quarter. Williams Jones Wealth Management LLC. increased its stake in Target by 0.6% during the first quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after acquiring an additional 68 shares during the last quarter. QRG Capital Management Inc. increased its stake in Target by 11.4% during the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after acquiring an additional 6,690 shares during the last quarter. Finally, Washington Trust Advisors Inc. increased its stake in Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on TGT shares. JPMorgan Chase & Co. boosted their target price on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Wells Fargo & Company boosted their target price on Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Roth Mkm boosted their price target on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Citigroup boosted their price target on Target from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Oppenheimer lowered their price target on Target from $200.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Target currently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Target Stock Performance

NYSE:TGT traded up $3.12 during mid-day trading on Monday, hitting $152.90. The company’s stock had a trading volume of 733,386 shares, compared to its average volume of 3,915,055. Target Co. has a 1 year low of $107.13 and a 1 year high of $181.86. 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 stock has a market cap of $70.44 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.93 and a beta of 1.24. The business’s fifty day moving average is $152.39 and its two-hundred day moving average is $150.63.

Target (NYSE:TGT) last posted 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. The business had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 EPS. Analysts anticipate that Target Co. will post 9.55 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is presently 46.28%.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were 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 owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Richard H. Gomez sold 6,348 shares of the firm’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 transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on 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 $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is owned by corporate insiders.

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.