Target Co. (NYSE:TGT) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lessened its position in shares of Target Co. (NYSE:TGT) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,268 shares of the retailer’s stock after selling 273 shares during the quarter. Focus Financial Network Inc.’s holdings in Target were worth $5,964,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Inc. AR raised its stake in shares of Target by 3.9% during the 3rd quarter. Stephens Inc. AR now owns 17,002 shares of the retailer’s stock worth $2,650,000 after buying an additional 632 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Target in the 3rd quarter valued at about $41,000. United Asset Strategies Inc. grew its holdings in Target by 8.0% in the 3rd quarter. United Asset Strategies Inc. now owns 4,985 shares of the retailer’s stock valued at $777,000 after buying an additional 370 shares during the period. Palumbo Wealth Management LLC grew its holdings in shares of Target by 10.4% during the 3rd quarter. Palumbo Wealth Management LLC now owns 9,300 shares of the retailer’s stock worth $1,449,000 after purchasing an additional 876 shares during the period. Finally, HM Payson & Co. grew its holdings in shares of Target by 12.5% during the 3rd quarter. HM Payson & Co. now owns 9,467 shares of the retailer’s stock worth $1,476,000 after purchasing an additional 1,053 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TGT. JPMorgan Chase & Co. upped their price target on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Target in a research report on Thursday, September 19th. Daiwa America raised Target to a “strong-buy” rating in a research report on Monday, August 26th. TD Cowen upped their price target on Target from $165.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Finally, UBS Group upped their price target on Target from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.47.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 stock in a transaction dated 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 transaction, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $150.75 on Friday. 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’s fifty day simple moving average is $153.19 and its 200-day simple moving average is $151.50. Target Co. has a 12 month low of $105.23 and a 12 month high of $181.86. The firm has a market cap of $69.45 billion, a PE ratio of 15.50, a P/E/G ratio of 1.92 and a beta of 1.24.

Target (NYSE:TGT) last released its quarterly earnings data 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 net margin of 4.18% and a return on equity of 33.10%. The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that Target Co. will post 9.53 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.97%. Target’s payout ratio is 46.28%.

About Target

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.