WFA Asset Management Corp Has $272,000 Position in Target Co. (NYSE:TGT)

WFA Asset Management Corp reduced its stake in Target Co. (NYSE:TGT) by 32.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,747 shares of the retailer’s stock after selling 840 shares during the period. WFA Asset Management Corp’s holdings in Target were worth $272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Forum Financial Management LP grew its stake in shares of Target by 5.3% in the third 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. Van ECK Associates Corp grew its stake 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 acquiring an additional 5,548 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Target in the third quarter valued at about $49,000. Janney Capital Management LLC grew its stake in shares of Target by 16.3% in the third quarter. Janney Capital Management LLC now owns 86,951 shares of the retailer’s stock valued at $13,552,000 after acquiring an additional 12,164 shares in the last quarter. Finally, Northern Financial Advisors Inc grew its stake in shares of Target by 141.8% in the third quarter. Northern Financial Advisors Inc now owns 7,616 shares of the retailer’s stock valued at $1,187,000 after acquiring an additional 4,466 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock valued at $8,290,995 over the last three months. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research reports. Jefferies Financial Group upped their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. increased their price objective on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Oppenheimer reduced their price objective on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Citigroup increased their price objective on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Truist Financial increased their price objective on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Target Price Performance

Shares of NYSE:TGT opened at $151.00 on Monday. The company’s 50-day moving average is $153.04 and its 200 day moving average is $151.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The company has a market capitalization of $69.56 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. Target Co. has a fifty-two week low of $105.23 and a fifty-two week 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 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 firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 EPS. On average, equities research analysts forecast that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

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

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.