Target Co. (NYSE:TGT) Shares Bought by Zhang Financial LLC

Zhang Financial LLC lifted its position in shares of Target Co. (NYSE:TGT) by 56.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,234 shares of the retailer’s stock after buying an additional 1,887 shares during the period. Zhang Financial LLC’s holdings in Target were worth $816,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TGT. Triad Wealth Partners LLC purchased a new stake in Target during the second quarter worth approximately $25,000. Washington Trust Advisors Inc. increased its position in shares of 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. Slocum Gordon & Co LLP acquired a new position in shares of Target in the second quarter worth about $28,000. Retirement Group LLC boosted its holdings in Target by 85.0% in the first quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after purchasing an additional 91 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in Target during the 4th quarter valued at approximately $29,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.23% of the stock is owned by corporate insiders.

Target Price Performance

Shares of NYSE TGT opened at $160.65 on Wednesday. Target Co. has a fifty-two week low of $105.23 and a fifty-two week high of $181.86. The stock has a market cap of $74.32 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.99 and a beta of 1.24. The firm’s 50-day simple moving average is $150.88 and its 200 day simple moving average is $152.98. 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 released 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. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts expect that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.79%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 50.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group increased their target price on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. TD Cowen increased their price objective on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Citigroup boosted their price objective on Target from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Roth Mkm increased their target price on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.69.

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.