Meeder Advisory Services Inc. Has $1.73 Million Position in Target Co. (NYSE:TGT)

Meeder Advisory Services Inc. reduced its stake in Target Co. (NYSE:TGT) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,085 shares of the retailer’s stock after selling 822 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Target were worth $1,728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TGT. Financial Advocates Investment Management grew its holdings in shares of Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after acquiring an additional 67 shares in the last quarter. Beacon Capital Management LLC increased its holdings in shares of Target by 20.8% during the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after purchasing an additional 69 shares during the period. Integral Investment Advisors Inc. raised its holdings in Target by 5.3% in the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock valued at $203,000 after acquiring an additional 69 shares in the last quarter. Trust Co. of Vermont raised its stake in Target by 0.4% in the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after purchasing an additional 69 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of Target by 9.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 806 shares of the retailer’s stock worth $119,000 after acquiring an additional 71 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGT has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price target on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Truist Financial lifted 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. Roth Mkm upped their target price on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. UBS Group increased their price target on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of the business’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 transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. The trade was a 12.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 in the last three months. Corporate insiders own 0.15% of the company’s stock.

Target Trading Up 2.9 %

Shares of Target stock opened at $156.50 on Tuesday. The stock has a market capitalization of $72.09 billion, a P/E ratio of 16.17, a P/E/G ratio of 2.01 and a beta of 1.24. Target Co. has a 52-week low of $128.37 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 stock’s 50-day simple moving average is $152.68 and its 200 day simple moving average is $150.33.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. As a group, research analysts anticipate that Target Co. will post 9.55 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is 46.28%.

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.