Logan Capital Management Inc. Acquires 3,549 Shares of Target Co. (NYSE:TGT)

Logan Capital Management Inc. lifted its holdings in shares of Target Co. (NYSE:TGT) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,737 shares of the retailer’s stock after acquiring an additional 3,549 shares during the period. Logan Capital Management Inc.’s holdings in Target were worth $8,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Triad Wealth Partners LLC purchased a new position in shares of Target in the 2nd quarter worth approximately $25,000. Slocum Gordon & Co LLP bought a new position in Target in the 2nd quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the 3rd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Target during the 2nd quarter worth $31,000. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s 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 transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 4.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TGT shares. Stifel Nicolaus increased their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday. Oppenheimer reissued an “outperform” rating and set a $165.00 price objective on shares of Target in a report on Monday, November 25th. Evercore ISI lowered their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. BMO Capital Markets cut their price target on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Finally, Jefferies Financial Group lifted their target price on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $160.57.

Target Trading Down 0.2 %

NYSE:TGT traded down $0.28 during mid-day trading on Friday, hitting $135.01. 481,634 shares of the stock traded hands, compared to its average volume of 4,525,271. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $61.86 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.23 and a beta of 1.17. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The firm’s 50 day moving average is $145.06 and its two-hundred day moving average is $147.29.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. On average, equities research analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Wednesday, November 20th. Target’s payout ratio is presently 47.51%.

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.