Lmcg Investments LLC Has $654,000 Position in Target Co. (NYSE:TGT)

Lmcg Investments LLC increased its stake in shares of Target Co. (NYSE:TGT) by 9.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,197 shares of the retailer’s stock after buying an additional 379 shares during the quarter. Lmcg Investments LLC’s holdings in Target were worth $654,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Washington Trust Advisors Inc. raised its position in Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Financial Advocates Investment Management raised its position in Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after purchasing an additional 67 shares during the last quarter. Williams Jones Wealth Management LLC. raised its position in shares of Target by 0.6% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after acquiring an additional 68 shares in the last quarter. Beacon Capital Management LLC raised its position in shares of Target by 20.8% in the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after acquiring an additional 69 shares in the last quarter. Finally, Integral Investment Advisors Inc. raised its position in shares of Target by 5.3% in the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. 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 can be accessed through this hyperlink. In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard H. Gomez sold 6,348 shares of the 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 completion of the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,348 shares of company stock worth $8,290,995. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TGT. Oppenheimer cut their price target on Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Piper Sandler began coverage on shares of Target in a report on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 price target on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price target on shares of Target in a report on Thursday, September 19th. Stifel Nicolaus lifted their price target on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Finally, Melius Research assumed coverage on shares of Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $179.47.

Target Trading Up 0.5 %

Shares of TGT opened at $150.84 on Friday. The business’s 50-day moving average price is $153.04 and its 200 day moving average price is $151.32. The stock has a market capitalization of $69.49 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.92 and a beta of 1.24. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 EPS. Analysts expect that Target Co. will post 9.53 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.97%. Target’s dividend payout ratio (DPR) is presently 46.28%.

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.