Mn Services Vermogensbeheer B.V. Has $27.73 Million Stock Holdings in Target Co. (NYSE:TGT)

Mn Services Vermogensbeheer B.V. trimmed its position in Target Co. (NYSE:TGT) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,900 shares of the retailer’s stock after selling 4,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Target were worth $27,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new stake in shares of Target during the second quarter worth approximately $25,000. Washington Trust Advisors Inc. lifted its stake in shares of Target by 56.1% in the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Slocum Gordon & Co LLP acquired a new position in shares of Target in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new position in shares of Target in the 2nd quarter worth $31,000. Finally, Wolff Wiese Magana LLC increased its holdings in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Target

In other 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 value 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. 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 at the SEC website. In related news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were 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 $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TGT has been the subject of several analyst reports. Daiwa America upgraded Target to a “strong-buy” rating in a research report on Monday, August 26th. Wells Fargo & Company upped their target price on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. UBS Group lifted their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com cut shares of Target from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, Roth Mkm lifted their target price on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Up 0.7 %

Shares of NYSE:TGT traded up $1.06 during trading on Monday, reaching $151.90. 826,412 shares of the stock were exchanged, compared to its average volume of 3,906,583. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86. The stock has a fifty day moving average of $153.04 and a two-hundred day moving average of $151.23. 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 firm has a market cap of $69.98 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24.

Target (NYSE:TGT) last announced 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 for the quarter, compared to analysts’ expectations of $25.19 billion. During the same quarter last year, the firm earned $1.80 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts anticipate that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.95%. Target’s dividend payout ratio (DPR) is 46.28%.

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.