Target Co. (NYSE:TGT) Shares Purchased by Highland Private Wealth Management

Highland Private Wealth Management increased its stake in shares of Target Co. (NYSE:TGTGet Rating) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,468 shares of the retailer’s stock after acquiring an additional 73 shares during the period. Highland Private Wealth Management’s holdings in Target were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Target by 1.4% in the first quarter. Vanguard Group Inc. now owns 43,254,086 shares of the retailer’s stock valued at $9,179,381,000 after acquiring an additional 589,926 shares in the last quarter. State Street Corp lifted its position in Target by 0.5% during the fourth quarter. State Street Corp now owns 35,922,818 shares of the retailer’s stock worth $8,313,977,000 after buying an additional 191,484 shares in the last quarter. Capital World Investors raised its position in Target by 22.9% in the fourth quarter. Capital World Investors now owns 8,941,995 shares of the retailer’s stock valued at $2,069,535,000 after purchasing an additional 1,666,948 shares during the period. Norges Bank purchased a new stake in Target in the fourth quarter valued at $1,094,330,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Target by 12.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,500,093 shares of the retailer’s stock valued at $530,570,000 after purchasing an additional 269,648 shares during the period. 77.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TGT shares. Raymond James lifted their price objective on Target from $190.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 18th. UBS Group reduced their price objective on Target from $225.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, June 8th. Jefferies Financial Group boosted their target price on Target from $161.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, August 18th. Barclays dropped their target price on Target from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 8th. Finally, The Goldman Sachs Group upped their price target on Target from $155.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Nine investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.67.

Insider Buying and Selling

In other news, insider John J. Mulligan sold 39,101 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $166.02, for a total value of $6,491,548.02. Following the sale, the insider now owns 118,425 shares of the company’s stock, valued at $19,660,918.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Matthew A. Liegel sold 1,226 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $173.80, for a total transaction of $213,078.80. Following the transaction, the chief accounting officer now owns 2,812 shares of the company’s stock, valued at approximately $488,725.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John J. Mulligan sold 39,101 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $166.02, for a total transaction of $6,491,548.02. Following the sale, the insider now owns 118,425 shares in the company, valued at $19,660,918.50. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Target Stock Performance

Target stock opened at $152.96 on Friday. The stock has a market cap of $70.40 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.99 and a beta of 1.02. The firm’s fifty day moving average price is $163.84 and its 200-day moving average price is $182.03. Target Co. has a fifty-two week low of $137.16 and a fifty-two week high of $268.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.14 and a current ratio of 0.82.

Target (NYSE:TGTGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.32). The business had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $26.07 billion. Target had a return on equity of 35.15% and a net margin of 3.92%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.64 EPS. On average, equities research analysts expect that Target Co. will post 8.11 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.82%. Target’s dividend payout ratio (DPR) is presently 49.09%.

Target Profile

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Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

See Also

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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