Impax Asset Management Group plc Purchases 19,095 Shares of Target Co. (NYSE:TGT)

Impax Asset Management Group plc grew its position in Target Co. (NYSE:TGT) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 241,447 shares of the retailer’s stock after purchasing an additional 19,095 shares during the quarter. Impax Asset Management Group plc owned approximately 0.05% of Target worth $37,632,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings in Target by 52.2% during the 3rd quarter. QRG Capital Management Inc. now owns 103,971 shares of the retailer’s stock worth $16,205,000 after acquiring an additional 35,674 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Target by 6.0% during the third quarter. Asset Management One Co. Ltd. now owns 182,342 shares of the retailer’s stock valued at $28,420,000 after acquiring an additional 10,281 shares in the last quarter. National Pension Service raised its holdings in Target by 24.7% during the third quarter. National Pension Service now owns 1,049,901 shares of the retailer’s stock worth $163,638,000 after buying an additional 208,195 shares during the last quarter. Forum Financial Management LP lifted its position in Target by 5.3% in the 3rd quarter. Forum Financial Management LP now owns 3,006 shares of the retailer’s stock valued at $468,000 after acquiring an additional 152 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Target by 4.3% in the third quarter. Van ECK Associates Corp now owns 135,908 shares of the retailer’s stock valued at $20,121,000 after purchasing an additional 5,548 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of NYSE:TGT opened at $149.99 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The company has a market cap of $69.10 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The company has a 50-day moving average price of $152.86 and a 200-day moving average price of $151.11. Target Co. has a 12 month low of $105.23 and a 12 month high of $181.86.

Target (NYSE:TGT) last issued its quarterly 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 return on equity of 33.10% and a net margin of 4.18%. The company had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Target Co. will post 9.54 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.99%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 46.28%.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The trade was 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 related 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 owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction on 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 owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. 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 have sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TGT. Melius Research initiated coverage on shares of Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. Royal Bank of Canada boosted their price target 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. Citigroup lifted their target price on Target from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target on the stock in a report on Monday, August 26th. Finally, Piper Sandler assumed coverage on Target in a research note on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Target has an average rating of “Moderate Buy” and a consensus target price of $179.47.

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.