Apollon Wealth Management LLC Sells 546 Shares of Target Co. (NYSE:TGT)

Apollon Wealth Management LLC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 5.5% during the third quarter, HoldingsChannel reports. The fund owned 9,319 shares of the retailer’s stock after selling 546 shares during the quarter. Apollon Wealth Management LLC’s holdings in Target were worth $1,452,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TGT. Legal & General Group Plc lifted its position in shares of Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after acquiring an additional 279,656 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Target by 11.4% in the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after purchasing an additional 440,307 shares during the last quarter. Clearbridge Investments LLC grew its position in Target by 17.5% during the first quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock valued at $558,898,000 after buying an additional 470,647 shares during the period. Dimensional Fund Advisors LP grew its position in Target by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock valued at $461,031,000 after buying an additional 435,229 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in Target by 9.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer’s stock worth $458,131,000 after purchasing an additional 272,521 shares during the period. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was 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 directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 in the last quarter. 0.15% of the stock is owned by insiders.

Target Price Performance

TGT stock opened at $153.46 on Friday. Target Co. has a 1 year low of $124.88 and a 1 year high of $181.86. The firm has a market capitalization of $70.69 billion, a P/E ratio of 15.85, a P/E/G ratio of 2.01 and a beta of 1.24. 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 business’s 50-day moving average is $152.51 and its two-hundred day moving average is $150.52.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter in the prior year, the business posted $1.80 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts anticipate that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Dividend Announcement

The company 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 dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.92%. Target’s dividend payout ratio is presently 46.28%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein began coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. Truist Financial boosted their price objective on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Roth Mkm upped their target price on shares of Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Oppenheimer dropped their price target on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, StockNews.com cut shares of Target from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.47.

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.