PFG Investments LLC Has $1.69 Million Stake in Target Co. (NYSE:TGT)

PFG Investments LLC lowered its stake in shares of Target Co. (NYSE:TGT) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,820 shares of the retailer’s stock after selling 203 shares during the quarter. PFG Investments LLC’s holdings in Target were worth $1,686,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TGT. Washington Trust Advisors Inc. lifted its position in shares of Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Williams Jones Wealth Management LLC. raised its stake in Target by 0.6% in the first quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock valued at $1,909,000 after purchasing an additional 68 shares in the last quarter. Beacon Capital Management LLC lifted its position in Target by 20.8% during the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after purchasing an additional 69 shares during the period. Integral Investment Advisors Inc. grew its stake in Target by 5.3% during the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after buying an additional 69 shares in the last quarter. Finally, Trust Co. of Vermont increased its holdings in Target by 0.4% in the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after buying an additional 69 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $151.16 on Friday. The company has a market capitalization of $69.93 billion, a PE ratio of 16.97, a P/E/G ratio of 1.99 and a beta of 1.24. Target Co. has a fifty-two week low of $105.23 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The company has a 50 day simple moving average of $153.38 and a two-hundred day simple moving average of $151.95.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion during 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%. Target’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share. Research analysts anticipate that Target Co. will post 9.53 earnings per share for the current year.

Target Announces Dividend

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 is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.96%. Target’s payout ratio is 50.28%.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other Target news, insider Richard H. Gomez sold 6,348 shares of the firm’s 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 in the company, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were 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 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 valued at $8,290,995 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TGT shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price target on shares of Target in a report on Thursday, September 19th. Bank of America upped their target price on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Sanford C. Bernstein began coverage on Target in a report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. Stifel Nicolaus upped their price objective on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Finally, Daiwa Capital Markets upgraded Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price on the stock in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $179.47.

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.