Target Co. (NYSE:TGT) Stock Position Raised by Sheaff Brock Investment Advisors LLC

by · The Cerbat Gem

Sheaff Brock Investment Advisors LLC increased its stake in Target Co. (NYSE:TGT – Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,464 shares of the retailer’s stock after purchasing an additional 786 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Target were worth $5,527,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Entropy Technologies LP acquired a new stake in shares of Target during the first quarter worth approximately $559,000. Kingsview Wealth Management LLC increased its holdings in Target by 5.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 16,098 shares of the retailer’s stock valued at $2,853,000 after buying an additional 895 shares during the period. Tocqueville Asset Management L.P. raised its position in Target by 3.6% in the first quarter. Tocqueville Asset Management L.P. now owns 20,828 shares of the retailer’s stock worth $3,691,000 after purchasing an additional 727 shares in the last quarter. Mizuho Markets Americas LLC increased its position in shares of Target by 15.7% during the 1st quarter. Mizuho Markets Americas LLC now owns 221,929 shares of the retailer’s stock worth $39,328,000 after purchasing an additional 30,128 shares in the last quarter. Finally, Councilmark Asset Management LLC bought a new stake in Target during the first quarter worth about $239,000. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TGT shares. Evercore ISI decreased their price target on shares of Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. UBS Group upped 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. Royal Bank of Canada upped their target price on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Melius Research started coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price target on shares of Target in a research note on Wednesday. One investment 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’s stock. According to data from MarketBeat, Target currently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

View Our Latest Stock Report on Target

Insider Buying and Selling at Target

In related news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of Target 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 completion of the transaction, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,348 shares of company stock valued at $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Target Trading Up 0.0 %

Shares of TGT stock opened at $153.50 on Friday. The stock has a fifty day simple moving average of $152.51 and a two-hundred day simple moving average of $150.52. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target Co. has a 52-week low of $127.19 and a 52-week high of $181.86. The firm has a market capitalization of $70.71 billion, a PE ratio of 15.85, a PEG ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter last year, the firm earned $1.80 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Target Co. will post 9.54 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.92%. Target’s dividend payout ratio is presently 46.28%.

Target Company Profile

(Free Report)

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.

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