Target Co. (NYSE:TGT) Shares Sold by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. trimmed its stake in shares of Target Co. (NYSE:TGT) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 15,996 shares of the retailer’s stock after selling 289 shares during the period. Horan Capital Advisors LLC.’s holdings in Target were worth $2,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in Target in the second quarter valued at $25,000. Slocum Gordon & Co LLP bought a new stake in Target in the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC acquired a new position in Target during the 2nd quarter valued at about $31,000. Wolff Wiese Magana LLC grew its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the third quarter valued at approximately $38,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TGT. StockNews.com downgraded Target from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Oppenheimer reduced their price target on Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Morgan Stanley reissued an “overweight” rating and set a $180.00 price target on shares of Target in a report on Wednesday, August 21st. Bank of America upped their price objective on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Insider Transactions 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 transaction of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The shares were 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 in the company, valued at $1,114,173.88. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,348 shares of company stock worth $8,290,995. Company insiders own 0.15% of the company’s stock.

Target Trading Up 2.9 %

Shares of Target stock opened at $156.50 on Tuesday. The stock has a market cap of $72.09 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.98 and a beta of 1.24. Target Co. has a 12-month low of $128.37 and a 12-month high of $181.86. The business’s 50 day moving average is $152.68 and its 200-day moving average is $150.33. 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 posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS 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 business had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same quarter last year, the company posted $1.80 earnings per share. Target’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts predict that Target Co. will post 9.55 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.86%. 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.