Quest Partners LLC Has $286,000 Stock Position in Target Co. (NYSE:TGT)

Quest Partners LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 12.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,833 shares of the retailer’s stock after selling 264 shares during the quarter. Quest Partners LLC’s holdings in Target were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after acquiring an additional 490 shares during the period. TAP Consulting LLC purchased a new stake in shares of Target in the third quarter valued at $2,403,000. Olstein Capital Management L.P. boosted its position in shares of Target by 8.7% in the third quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock worth $7,793,000 after buying an additional 4,000 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Target by 20.5% during the first quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock valued at $38,484,000 after buying an additional 36,941 shares in the last quarter. Finally, Eagle Rock Investment Company LLC raised its position in Target by 166.3% during the third quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock valued at $2,522,000 after buying an additional 10,103 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial lifted their target price on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Roth Mkm dropped their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target on the stock in a report on Monday, August 26th. Finally, BMO Capital Markets cut their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.63.

Target Stock Up 4.4 %

NYSE TGT opened at $130.50 on Tuesday. The firm has a 50-day simple moving average of $150.82 and a 200 day simple moving average of $149.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock has a market cap of $60.12 billion, a PE ratio of 13.84, a PEG ratio of 2.05 and a beta of 1.24.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the business posted $2.10 earnings per share. Target’s revenue was up .9% on a year-over-year basis. On average, research analysts forecast that Target Co. will post 8.6 EPS for the current year.

Target Announces Dividend

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 paid a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.43%. Target’s dividend payout ratio is presently 47.51%.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. The trade was a 12.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction 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 sale, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

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.