Chapin Davis Inc. Purchases 115 Shares of Target Co. (NYSE:TGT)

Chapin Davis Inc. boosted its position in shares of Target Co. (NYSE:TGT) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,165 shares of the retailer’s stock after acquiring an additional 115 shares during the quarter. Chapin Davis Inc.’s holdings in Target were worth $805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Triad Wealth Partners LLC acquired a new position in shares of Target in the second quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Target in the fourth quarter valued at about $28,000. Slocum Gordon & Co LLP acquired a new position in shares of Target in the second quarter valued at about $28,000. Scarborough Advisors LLC acquired a new position in shares of Target in the fourth 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 about $31,000. 79.73% of the stock is owned by institutional investors.

Insider Transactions at Target

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 sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the 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 sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of analyst reports. Oppenheimer reduced their price objective 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. Evercore ISI increased their price objective on shares of Target from $158.00 to $160.00 and gave the stock an “inline” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. increased their price objective on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Monday, August 26th. Finally, Piper Sandler assumed coverage on shares of Target in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Target presently has a consensus rating of “Moderate Buy” and an average target price of $179.69.

Target Stock Down 2.5 %

Shares of NYSE TGT opened at $149.05 on Tuesday. The company has a 50-day moving average of $149.11 and a 200 day moving average of $153.87. Target Co. has a 12-month low of $103.74 and a 12-month high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The stock has a market cap of $68.96 billion, a PE ratio of 16.73, a P/E/G ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share 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 business had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same quarter in the prior year, the company posted $1.80 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Target Co. will post 9.53 EPS for the current fiscal year.

Target Dividend Announcement

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 $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.01%. Target’s dividend payout ratio is currently 50.28%.

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.