FSM Wealth Advisors LLC Purchases 115 Shares of Target Co. (NYSE:TGT)

FSM Wealth Advisors LLC increased its holdings in Target Co. (NYSE:TGT) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,774 shares of the retailer’s stock after purchasing an additional 115 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Target were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TGT. Norden Group LLC increased its holdings in Target by 17.2% in the first quarter. Norden Group LLC now owns 2,229 shares of the retailer’s stock worth $395,000 after purchasing an additional 327 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of Target by 3.5% during the first quarter. Rehmann Capital Advisory Group now owns 2,143 shares of the retailer’s stock valued at $380,000 after acquiring an additional 73 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Target during the 1st quarter worth $238,000. Catalina Capital Group LLC bought a new position in shares of Target during the 1st quarter valued at approximately $206,000. Finally, Csenge Advisory Group purchased a new stake in Target in the 1st quarter worth about $248,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 0.6 %

NYSE:TGT opened at $149.99 on Tuesday. The stock has a fifty day simple moving average of $152.86 and a 200-day simple moving average of $151.11. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The company has a market cap of $69.10 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24. Target Co. has a twelve month low of $105.23 and a twelve month high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Target’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. Analysts anticipate that Target Co. will post 9.54 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 2.99%. Target’s payout ratio is currently 46.28%.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the 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 completion of the sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their position. 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 in the last ninety days. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TGT. Daiwa America raised shares of Target to a “strong-buy” rating in a report on Monday, August 26th. Melius Research assumed coverage on Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. UBS Group boosted their price objective on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Truist Financial lifted their price objective on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Finally, Stifel Nicolaus boosted their price target on Target from $147.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

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.