Harbour Trust & Investment Management Co Sells 167 Shares of Target Co. (NYSE:TGT)

Harbour Trust & Investment Management Co reduced its holdings in Target Co. (NYSE:TGT) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,865 shares of the retailer’s stock after selling 167 shares during the period. Harbour Trust & Investment Management Co’s holdings in Target were worth $291,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. increased its position in Target by 56.1% in the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after buying an additional 64 shares during the period. Williams Jones Wealth Management LLC. increased its position in Target by 0.6% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after buying an additional 68 shares during the period. Beacon Capital Management LLC increased its position in Target by 20.8% in the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after buying an additional 69 shares during the period. Integral Investment Advisors Inc. increased its position in Target by 5.3% in the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after buying an additional 69 shares during the period. Finally, Trust Co. of Vermont increased its position in Target by 0.4% in the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after buying an additional 69 shares during the period. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGT has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Jefferies Financial Group boosted their price target on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Royal Bank of Canada boosted their price target on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI decreased their price target on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Up 1.4 %

TGT stock opened at $150.17 on Friday. The business has a 50-day moving average of $153.07 and a 200-day moving average of $152.23. Target Co. has a fifty-two week low of $105.23 and a fifty-two 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 stock has a market capitalization of $69.47 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.98%. Target’s dividend payout ratio (DPR) is presently 50.28%.

Insider Activity

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 stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 completion of the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock valued at $8,290,995 over the last three months. Insiders own 0.23% of the company’s stock.

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.