Target Co. (NYSE:TGT) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its position in Target Co. (NYSE:TGT) by 25.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,090 shares of the retailer’s stock after buying an additional 2,222 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Target were worth $1,729,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after purchasing an additional 1,981,458 shares in the last quarter. Boston Partners purchased a new stake in shares of Target during the first quarter worth $335,870,000. AQR Capital Management LLC raised its position in shares of Target by 711.2% in the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after buying an additional 768,479 shares during the last quarter. Swedbank AB purchased a new position in shares of Target in the first quarter worth about $107,367,000. Finally, Victory Capital Management Inc. boosted its position in Target by 11.4% during the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after acquiring an additional 440,307 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of Target stock opened at $156.00 on Wednesday. The business has a 50-day simple moving average of $152.84 and a 200-day simple moving average of $150.32. The company has a market cap of $71.87 billion, a PE ratio of 16.12, a P/E/G ratio of 1.98 and a beta of 1.24. Target Co. has a one year low of $128.37 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 EPS. On average, equities research analysts forecast that Target Co. will post 9.55 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is presently 46.28%.

Analyst Ratings Changes

A number of research analysts have weighed in on TGT shares. Evercore ISI decreased their target price on shares of Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Oppenheimer cut their target price on Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Daiwa America raised shares of Target to a “strong-buy” rating in a report on Monday, August 26th. Finally, Roth Mkm boosted their target price on shares of Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Insider Transactions at Target

In related news, 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 value of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’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 completion of the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

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.