F M Investments LLC Raises Holdings in Target Co. (NYSE:TGT)

F M Investments LLC raised its position in Target Co. (NYSE:TGT) by 89.7% during the third quarter, HoldingsChannel reports. The firm owned 23,387 shares of the retailer’s stock after purchasing an additional 11,059 shares during the period. F M Investments LLC’s holdings in Target were worth $3,636,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. 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 can be accessed through this hyperlink. 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 value of $153,130.00. Following the completion of the sale, the chief accounting officer now 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 the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the 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 of the company’s stock, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 in the last ninety days. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TGT has been the subject of a number of recent research reports. Roth Mkm raised their target price on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a research note on Monday, August 26th. Melius Research assumed coverage on shares of Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. Truist Financial raised their target price on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada upped their price target on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Up 0.5 %

Target stock opened at $150.84 on Friday. The stock’s fifty day moving average is $153.04 and its two-hundred day moving average is $151.32. The stock has a market cap of $69.49 billion, a PE ratio of 15.58, a P/E/G ratio of 1.92 and a beta of 1.24. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86. 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 (NYSE:TGT) last issued its earnings results 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 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% on a year-over-year basis. During the same quarter last year, the company earned $1.80 EPS. On average, sell-side analysts expect that Target Co. will post 9.53 EPS for the current fiscal 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 given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 46.28%.

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.