JB Capital LLC Buys 629 Shares of Target Co. (NYSE:TGT)

JB Capital LLC grew its stake in shares of Target Co. (NYSE:TGT) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,802 shares of the retailer’s stock after purchasing an additional 629 shares during the period. JB Capital LLC’s holdings in Target were worth $3,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TGT. Olstein Capital Management L.P. increased its stake in shares of Target by 8.7% in the 3rd quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock worth $7,793,000 after acquiring an additional 4,000 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Target during the third quarter valued at approximately $505,000. Donald L. Hagan LLC lifted its holdings in shares of Target by 4.9% during the third quarter. Donald L. Hagan LLC now owns 10,317 shares of the retailer’s stock valued at $1,608,000 after purchasing an additional 484 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Target by 0.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 31,459 shares of the retailer’s stock worth $4,903,000 after purchasing an additional 276 shares in the last quarter. Finally, Foster & Motley Inc. boosted its position in shares of Target by 15.5% in the 3rd quarter. Foster & Motley Inc. now owns 23,034 shares of the retailer’s stock worth $3,590,000 after purchasing an additional 3,083 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction 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 owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now 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 document filed with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TGT. StockNews.com raised Target from a “buy” rating to a “strong-buy” rating in a research note on Monday. Evercore ISI cut their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. UBS Group upped their target price on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price target on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group upped their price objective on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Target Price Performance

NYSE:TGT traded up $3.09 during trading hours on Thursday, hitting $150.38. 702,144 shares of the stock traded hands, compared to its average volume of 3,914,197. The stock has a 50 day moving average price of $152.52 and a 200 day moving average price of $150.96. 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 cap of $69.28 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. Target Co. has a 1 year low of $105.23 and a 1 year high of $181.86.

Target (NYSE:TGT) last issued its earnings results 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. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is presently 46.28%.

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.