Target Co. (NYSE:TGT) Stock Holdings Increased by Oakworth Capital Inc.

Oakworth Capital Inc. increased its holdings in Target Co. (NYSE:TGT) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100 shares of the retailer’s stock after purchasing an additional 225 shares during the quarter. Oakworth Capital Inc.’s holdings in Target were worth $327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in shares of Target in the 2nd quarter worth approximately $25,000. Washington Trust Advisors Inc. increased its position in shares of Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Slocum Gordon & Co LLP purchased a new position in shares of Target in the second quarter worth approximately $28,000. Retirement Group LLC increased its position in shares of Target by 85.0% in the first quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock worth $35,000 after acquiring an additional 91 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Target in the second quarter worth approximately $31,000. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TGT has been the topic of several analyst reports. Bank of America lifted their target price on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Stifel Nicolaus lifted their target price on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their target price on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Roth Mkm boosted their price objective on shares of Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price objective on shares of Target in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and two have 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 target price of $179.30.

Target Price Performance

Shares of Target stock opened at $148.75 on Tuesday. The firm has a fifty day simple moving average of $152.57 and a 200-day simple moving average of $152.42. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86. The stock has a market capitalization of $68.82 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.99 and a beta of 1.24.

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. Target had a net margin of 4.18% and a return on equity of 33.10%. The business had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same period in the previous year, the company earned $1.80 earnings per share. Target’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Target Co. will post 9.53 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is currently 50.28%.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the company’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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian C. Cornell sold 45,000 shares of the business’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 completion of the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Target Company 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.