Nisa Investment Advisors LLC Sells 3,455 Shares of Target Co. (NYSE:TGT)

Nisa Investment Advisors LLC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 2.0% in the third quarter, Holdings Channel.com reports. The firm owned 170,040 shares of the retailer’s stock after selling 3,455 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Target were worth $26,502,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its position in shares of Target by 23.6% during the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after acquiring an additional 122,706 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Target by 11.4% in the 1st quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after purchasing an additional 6,690 shares during the period. Janney Capital Management LLC bought a new stake in shares of Target in the first quarter valued at about $13,958,000. Van ECK Associates Corp boosted its position in shares of Target by 17.3% during the first quarter. Van ECK Associates Corp now owns 55,392 shares of the retailer’s stock worth $9,816,000 after buying an additional 8,185 shares during the period. Finally, TAP Consulting LLC acquired a new position in shares of Target during the third quarter worth about $2,403,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the business’s 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 of the company’s stock, valued at $1,114,173.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,348 shares of company stock worth $8,290,995. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TGT shares. Stifel Nicolaus upped their price target on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Bank of America lifted their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group raised their price target on Target from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. increased their price objective on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target on the stock in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Target Price Performance

Shares of NYSE TGT opened at $149.30 on Tuesday. The business has a fifty day moving average price of $153.48 and a two-hundred day moving average price of $151.66. The stock has a market capitalization of $69.07 billion, a PE ratio of 16.76, 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 Co. has a fifty-two week low of $105.23 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. Target’s 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. As a group, equities analysts predict that Target Co. will post 9.53 earnings per share for the current fiscal 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 paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.00%. Target’s payout ratio is presently 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.