Capital Management Associates Inc Purchases Shares of 4,707 Target Co. (NYSE:TGT)

Capital Management Associates Inc purchased a new stake in shares of Target Co. (NYSE:TGT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,707 shares of the retailer’s stock, valued at approximately $734,000.

Other large investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new stake in Target during the 2nd quarter valued at about $25,000. Slocum Gordon & Co LLP purchased a new stake in Target during the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Target in the second quarter worth about $31,000. Washington Trust Advisors Inc. boosted its stake in shares of Target by 56.1% in the first 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 last quarter. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction on 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. 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 the SEC website. In other news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction on 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. 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 the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were 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 owns 303,843 shares in the company, valued at approximately $48,210,768.81. 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 worth $8,290,995 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Target Price Performance

TGT stock opened at $151.16 on Friday. The firm has a market capitalization of $69.93 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. Target Co. has a 1 year low of $105.23 and a 1 year 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 business has a 50 day simple moving average of $153.24 and a 200-day simple moving average of $152.22.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. The company had revenue of $25.02 billion during 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 prior year, the business posted $1.80 earnings per share. Equities research analysts anticipate that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 dividend yield of 2.96%. Target’s dividend payout ratio is currently 50.28%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TGT. Sanford C. Bernstein began coverage on Target in a research note on Tuesday. They issued a “market perform” rating and a $168.00 target price on the stock. TD Cowen upped their target price on Target from $165.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Piper Sandler began coverage on Target in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 target price on the stock. Wells Fargo & Company upped their target price on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI lowered their target price on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research note on Tuesday. One investment 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 a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

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.