Main Street Financial Solutions LLC Has $955,000 Stock Holdings in Target Co. (NYSE:TGT)

Main Street Financial Solutions LLC increased its stake in Target Co. (NYSE:TGT) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,128 shares of the retailer’s stock after acquiring an additional 191 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Target were worth $955,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Schrum Private Wealth Management LLC lifted its position in shares of Target by 100.6% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 3,594 shares of the retailer’s stock worth $560,000 after purchasing an additional 1,802 shares during the period. Oppenheimer & Co. Inc. boosted its position in Target by 53.0% during the third quarter. Oppenheimer & Co. Inc. now owns 70,262 shares of the retailer’s stock valued at $10,951,000 after acquiring an additional 24,325 shares during the last quarter. Haverford Trust Co grew its holdings in Target by 0.3% during the 3rd quarter. Haverford Trust Co now owns 31,744 shares of the retailer’s stock worth $4,948,000 after acquiring an additional 92 shares during the period. Empower Advisory Group LLC raised its position in shares of Target by 5.8% in the 3rd quarter. Empower Advisory Group LLC now owns 398,680 shares of the retailer’s stock worth $62,138,000 after acquiring an additional 21,992 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in shares of Target by 5.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 7,738 shares of the retailer’s stock valued at $1,206,000 after purchasing an additional 427 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Sanford C. Bernstein began coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. Evercore ISI lowered their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. UBS Group increased their target price on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price target on shares of Target in a research note on Wednesday. Finally, StockNews.com cut shares of Target from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $179.47.

Target Price Performance

Shares of NYSE:TGT opened at $154.99 on Thursday. Target Co. has a fifty-two week low of $108.08 and a fifty-two week high of $181.86. The company’s 50-day moving average is $152.46 and its 200 day moving average is $150.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The company has a market capitalization of $71.40 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating 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 firm had revenue of $25.02 billion for 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. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Target Co. will post 9.54 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is currently 46.28%.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of Target 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 completion of the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock worth $8,290,995 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

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.