2,314 Shares in Target Co. (NYSE:TGT) Acquired by Creekside Partners

Creekside Partners bought a new stake in shares of Target Co. (NYSE:TGT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,314 shares of the retailer’s stock, valued at approximately $343,000.

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

Insider Activity

In related 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 sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of the firm’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 directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated Friday, August 30th. The shares were 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 52,348 shares of company stock worth $8,290,995. 0.23% of the stock is currently owned by corporate insiders.

Target Stock Performance

NYSE TGT opened at $150.40 on Thursday. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The firm has a 50-day moving average price of $148.96 and a two-hundred day moving average price of $154.22. The company has a market capitalization of $69.58 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.00 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.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 earnings per share. Analysts anticipate that Target Co. will post 9.53 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is currently 50.28%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TGT. Wells Fargo & Company raised their target price on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Target in a research report on Thursday, September 19th. Melius Research assumed coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target for the company. Evercore ISI boosted their price target on Target from $158.00 to $160.00 and gave the stock an “inline” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada increased their price objective on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned 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 an average target price 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.