10,330 Shares in Target Co. (NYSE:TGT) Bought by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC purchased a new stake in Target Co. (NYSE:TGT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,330 shares of the retailer’s stock, valued at approximately $1,529,000.

Other large investors have also bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in shares of Target in the 2nd quarter worth $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in Target in the 4th quarter worth about $28,000. Slocum Gordon & Co LLP purchased a new stake in Target in the 2nd quarter valued at about $28,000. Scarborough Advisors LLC bought a new position in shares of Target during the 4th quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Target in the 2nd quarter worth approximately $31,000. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the 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 transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the sale, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Target Price Performance

Target stock opened at $154.75 on Friday. The stock has a market cap of $71.59 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.90 and a beta of 1.24. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $148.48 and a 200 day simple moving average of $155.08. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The company had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. Target’s revenue was up 1.0% on a year-over-year basis. On average, research analysts forecast that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is currently 50.28%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TGT. Royal Bank of Canada increased their price target on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Roth Mkm lifted their target price on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Piper Sandler began coverage on shares of Target in a research report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target for the company. Daiwa America raised shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Finally, Oppenheimer reduced their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Target has an average rating of “Moderate Buy” and an average target price of $179.68.

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.