Signaturefd LLC Acquires 511 Shares of Target Co. (NYSE:TGT)

Signaturefd LLC grew its holdings in Target Co. (NYSE:TGT) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,696 shares of the retailer’s stock after acquiring an additional 511 shares during the period. Signaturefd LLC’s holdings in Target were worth $1,823,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Triad Wealth Partners LLC acquired a new position in Target during the second quarter worth $25,000. Slocum Gordon & Co LLP bought a new stake in Target during the second quarter valued at about $28,000. Hobbs Group Advisors LLC acquired a new stake in shares of Target in the second quarter valued at about $31,000. Washington Trust Advisors Inc. increased its stake in shares of Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Wolff Wiese Magana LLC boosted its stake in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.1 %

Shares of NYSE:TGT opened at $149.19 on Wednesday. The company has a 50 day moving average of $152.82 and a 200-day moving average of $152.26. Target Co. has a one year low of $105.23 and a one year high of $181.86. The stock has a market cap of $69.02 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.99 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.

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

Target Announces Dividend

The business 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 dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 50.28%.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on 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 transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $1,114,173.88. This trade represents a 0.00 % decrease in their position. 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 company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on TGT shares. StockNews.com raised Target from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price for the company in a research note on Monday, August 26th. Royal Bank of Canada raised their price target on shares of Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Piper Sandler began coverage on Target in a research report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price objective on the stock. Finally, Oppenheimer decreased their price objective on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

About Target

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.