Investors Asset Management of Georgia Inc. GA ADV Has $1.76 Million Stake in Target Co. (NYSE:TGT)

Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Target Co. (NYSE:TGT) by 0.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,270 shares of the retailer’s stock after purchasing an additional 76 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Target were worth $1,757,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TGT. Norden Group LLC raised its position in Target by 17.2% in the 1st quarter. Norden Group LLC now owns 2,229 shares of the retailer’s stock valued at $395,000 after buying an additional 327 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in Target in the 1st quarter valued at $727,000. Mirae Asset Global Investments Co. Ltd. raised its position in Target by 90.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 159,562 shares of the retailer’s stock valued at $27,057,000 after buying an additional 75,594 shares during the last quarter. Resonant Capital Advisors LLC raised its position in Target by 28.3% in the 1st quarter. Resonant Capital Advisors LLC now owns 2,179 shares of the retailer’s stock valued at $386,000 after buying an additional 481 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Target by 10.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,672 shares of the retailer’s stock valued at $2,068,000 after buying an additional 1,134 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 0.5 %

Target stock traded up $0.80 during trading hours on Friday, reaching $150.84. The company had a trading volume of 2,453,210 shares, compared to its average volume of 3,921,109. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The company has a 50-day moving average price of $153.04 and a 200 day moving average price of $151.40. The firm has a market cap of $69.49 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 1.92 and a beta of 1.24. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data 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 firm 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 business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.80 EPS. Equities analysts forecast that Target Co. will post 9.53 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.97%. Target’s dividend payout ratio is presently 46.28%.

Insider Activity at Target

In related news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at $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. Insiders have sold 52,348 shares of company stock worth $8,290,995 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TGT. Truist Financial increased their price target on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Bank of America increased their price target on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price for the company in a research report on Monday, August 26th. Evercore ISI decreased their target price on Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Finally, Sanford C. Bernstein began coverage on Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Target presently 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.