Ulland Investment Advisors LLC Sells 500 Shares of Target Co. (NYSE:TGT)

Ulland Investment Advisors LLC lessened its holdings in Target Co. (NYSE:TGT) by 74.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175 shares of the retailer’s stock after selling 500 shares during the quarter. Ulland Investment Advisors LLC’s holdings in Target were worth $27,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new position in Target in the 2nd quarter valued at approximately $25,000. Slocum Gordon & Co LLP bought a new position in Target during the 2nd quarter worth approximately $28,000. Scarborough Advisors LLC bought a new position in Target during the 4th quarter worth approximately $29,000. Hobbs Group Advisors LLC bought a new position in Target during the 2nd quarter worth approximately $31,000. Finally, Washington Trust Advisors Inc. raised its holdings in Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TGT. Jefferies Financial Group raised their price target on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Piper Sandler began coverage on shares of Target in a report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target for the company. Truist Financial raised their price target on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Royal Bank of Canada raised their price objective on shares of Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Bank of America raised their price objective 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Moderate Buy” and an average target price of $179.69.

Target Stock Performance

Shares of NYSE TGT traded up $3.08 during mid-day trading on Tuesday, reaching $161.05. 960,873 shares of the company’s stock were exchanged, compared to its average volume of 3,961,182. The firm has a market capitalization of $74.51 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. Target Co. has a 52 week low of $105.23 and a 52 week 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. The firm has a 50-day moving average price of $150.35 and a two-hundred day moving average price of $153.10.

Target (NYSE:TGT) last issued its earnings results 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 firm had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. During the same quarter last year, the business earned $1.80 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts predict that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 50.28%.

Insider Activity at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’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 value of $7,140,150.00. Following the completion of the transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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. In the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.23% of the stock is 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.