WealthPlan Investment Management LLC Raises Holdings in Target Co. (NYSE:TGT)

WealthPlan Investment Management LLC grew its stake in Target Co. (NYSE:TGT) by 11.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,121 shares of the retailer’s stock after buying an additional 217 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Target were worth $331,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. TAP Consulting LLC acquired a new position in Target during the 3rd quarter worth approximately $2,403,000. Olstein Capital Management L.P. grew its stake in shares of Target by 8.7% during the third quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock worth $7,793,000 after purchasing an additional 4,000 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Target by 20.5% in the first quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock valued at $38,484,000 after buying an additional 36,941 shares during the last quarter. Eagle Rock Investment Company LLC raised its stake in Target by 166.3% in the third quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock valued at $2,522,000 after buying an additional 10,103 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Target during the 1st quarter worth about $107,367,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’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 completion of the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the transaction, the insider now directly owns 303,843 shares in the company, 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 is accessible through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 in the last ninety days. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price objective on shares of Target in a research report on Thursday, September 19th. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price on the stock in a research report on Monday, August 26th. Oppenheimer reduced their price target on shares of Target from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, Citigroup lifted their target price on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty 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 a consensus target price of $179.47.

Target Trading Up 1.6 %

Shares of TGT opened at $155.72 on Wednesday. Target Co. has a twelve month low of $107.13 and a twelve month 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. The firm has a market capitalization of $71.74 billion, a P/E ratio of 16.09, a PEG ratio of 1.93 and a beta of 1.24. The firm’s 50-day moving average is $152.38 and its two-hundred day moving average is $150.55.

Target (NYSE:TGT) last announced its quarterly 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 analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $1.80 earnings per share. On average, research analysts predict that Target Co. will post 9.55 earnings per share for the current fiscal year.

Target Announces Dividend

The firm 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 of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.88%. Target’s dividend payout ratio (DPR) is 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.