Target Co. (NYSE:TGT) Shares Purchased by Stonebrook Private Inc.

Stonebrook Private Inc. increased its holdings in shares of Target Co. (NYSE:TGT) by 3.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,840 shares of the retailer’s stock after purchasing an additional 102 shares during the quarter. Stonebrook Private Inc.’s holdings in Target were worth $443,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Legal & General Group Plc increased its position in Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after purchasing an additional 279,656 shares in the last quarter. Victory Capital Management Inc. grew its position in Target by 11.4% in the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after acquiring an additional 440,307 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Target by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock valued at $461,031,000 after acquiring an additional 435,229 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Target by 9.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer’s stock valued at $458,131,000 after acquiring an additional 272,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Target by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock valued at $475,914,000 after acquiring an additional 56,695 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent research reports. StockNews.com downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer decreased their price target on shares of Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. TD Cowen decreased their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday. UBS Group raised their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada raised their price target 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 investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.13.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is owned by corporate insiders.

Target Stock Performance

TGT stock opened at $125.01 on Friday. The company has a market capitalization of $57.59 billion, a P/E ratio of 13.26, a PEG ratio of 1.57 and a beta of 1.24. The company has a 50-day simple moving average of $151.27 and a 200 day simple moving average of $149.69. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the firm posted $2.10 earnings per share. Target’s revenue was up .9% compared to the same quarter last year. Sell-side analysts predict that Target Co. will post 9.58 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared 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. This represents a $4.48 annualized dividend and a yield of 3.58%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.