Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $1.44 Million Stake in Target Co. (NYSE:TGT)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in shares of Target Co. (NYSE:TGT) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,617 shares of the retailer’s stock after selling 268 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Target were worth $1,444,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TGT. Washington Trust Advisors Inc. lifted its stake in Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its stake in Target by 0.6% in the first quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock valued at $1,909,000 after acquiring an additional 68 shares during the last quarter. Beacon Capital Management LLC lifted its stake in Target by 20.8% in the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after acquiring an additional 69 shares during the last quarter. Integral Investment Advisors Inc. lifted its stake in Target by 5.3% in the second 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 during the last quarter. Finally, Trust Co. of Vermont lifted 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 acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 0.4 %

Shares of Target stock opened at $148.50 on Thursday. The firm’s 50-day moving average price is $153.33 and its two-hundred day moving average price is $151.51. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $68.41 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period last year, the company posted $1.80 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast 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. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.02%. Target’s payout ratio is currently 46.28%.

Insider Activity

In other news, 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 sale, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred 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 sale, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent analyst reports. Bank of America increased their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group increased their price objective on shares of Target from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Royal Bank of Canada increased their price objective on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Melius Research initiated coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price objective on the stock. Finally, StockNews.com lowered shares of Target from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 24th. 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. Based on data from MarketBeat, Target presently has a consensus rating of “Moderate Buy” and a consensus target price 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.