Goldstein Advisors LLC acquired a new stake in Target Co. (NYSE:TGT – Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 1,284 shares of the retailer’s stock, valued at approximately $200,000.
A number of other hedge funds have also recently bought and sold shares of TGT. Little House Capital LLC bought a new position in shares of Target in the 1st quarter worth $1,041,000. Nordea Investment Management AB boosted its position in shares of Target by 23.6% in the 1st quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after purchasing an additional 122,706 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Target by 11.4% in the 1st quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after purchasing an additional 6,690 shares during the last quarter. Janney Capital Management LLC bought a new position in shares of Target in the 1st quarter worth $13,958,000. Finally, Van ECK Associates Corp boosted its position in shares of Target by 17.3% in the 1st quarter. Van ECK Associates Corp now owns 55,392 shares of the retailer’s stock worth $9,816,000 after purchasing an additional 8,185 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, insider Richard H. Gomez sold 6,348 shares of Target 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 transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, 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 sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,348 shares of company stock worth $8,290,995. Company insiders own 0.23% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Research Report on TGT
Target Price Performance
NYSE:TGT opened at $151.16 on Friday. 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 quick ratio of 0.27 and a current ratio of 0.90. The company has a market cap of $69.93 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.99 and a beta of 1.24. The stock’s 50-day simple moving average is $153.38 and its 200 day simple moving average is $151.95.
Target (NYSE:TGT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same quarter last year, the company posted $1.80 earnings per share. Target’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Target Co. will post 9.53 EPS for the current fiscal year.
Target Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is currently 50.28%.
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.
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