Nicolet Advisory Services LLC Sells 393 Shares of Target Co. (NYSE:TGT)

Nicolet Advisory Services LLC trimmed its position in shares of Target Co. (NYSE:TGT) by 13.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,443 shares of the retailer’s stock after selling 393 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Target were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new position in Target during the second quarter valued at approximately $25,000. Slocum Gordon & Co LLP purchased a new position in Target in the 2nd quarter worth $28,000. Hobbs Group Advisors LLC purchased a new position in Target in the 2nd quarter worth $31,000. Wolff Wiese Magana LLC lifted its stake in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Target during the third quarter valued at about $38,000. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In other news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 in the last three months. Insiders own 0.15% of the company’s stock.

Target Stock Up 2.8 %

Shares of NYSE:TGT opened at $125.01 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $151.27 and a two-hundred day simple moving average of $149.61. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The stock has a market capitalization of $57.59 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.57 and a beta of 1.24.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts anticipate that Target Co. will post 9.58 earnings per share 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 given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 47.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Target from $165.00 to $137.00 and set a “hold” rating on the stock in a report on Thursday. TD Cowen decreased their price target on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday. Daiwa America raised shares of Target to a “strong-buy” rating in a research note on Monday, August 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target on shares of Target in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Target has a consensus rating of “Moderate Buy” and an average target price of $162.13.

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.