Goldstein Advisors LLC Acquires Shares of 1,284 Target Co. (NYSE:TGT)

Goldstein Advisors LLC acquired a new stake in Target Co. (NYSE:TGT) 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

Several research analysts have recently issued reports on the company. Bank of America raised their price target on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Daiwa America raised Target to a “strong-buy” rating in a research note on Monday, August 26th. TD Cowen raised their price objective on Target from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. UBS Group raised their price objective on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

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) 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.