1,329 Shares in Target Co. (NYSE:TGT) Bought by One Wealth Advisors LLC

One Wealth Advisors LLC acquired a new position in shares of Target Co. (NYSE:TGT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,329 shares of the retailer’s stock, valued at approximately $207,000.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in Target by 864.4% in the fourth quarter. Wellington Management Group LLP now owns 57,613 shares of the retailer’s stock valued at $8,205,000 after acquiring an additional 51,639 shares during the period. First Hawaiian Bank grew its stake in Target by 23.5% in the first quarter. First Hawaiian Bank now owns 7,920 shares of the retailer’s stock valued at $1,404,000 after acquiring an additional 1,509 shares during the period. Perpetual Ltd grew its stake in Target by 2.3% in the first quarter. Perpetual Ltd now owns 5,818 shares of the retailer’s stock valued at $1,031,000 after acquiring an additional 131 shares during the period. Wedmont Private Capital grew its stake in Target by 13.3% in the first quarter. Wedmont Private Capital now owns 4,534 shares of the retailer’s stock valued at $778,000 after acquiring an additional 533 shares during the period. Finally, Aprio Wealth Management LLC acquired a new position in Target in the first quarter valued at about $277,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TGT shares. Bank of America boosted their target price on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Roth Mkm upped their price objective on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Stifel Nicolaus upped their price objective on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Truist Financial upped their price objective on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Finally, 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 for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.69.

Insider Transactions at Target

In other news, 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,348 shares of company stock worth $8,290,995. Company insiders own 0.23% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $155.91 on Friday. The firm has a market capitalization of $72.13 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.99 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 Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The stock’s 50 day moving average price is $151.83 and its two-hundred day moving average price is $153.04.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to analyst estimates 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 last year, the company earned $1.80 earnings per share. On average, 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. Stockholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.87%. Target’s dividend payout ratio (DPR) is currently 50.28%.

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.