Cerity Partners LLC Has $27.52 Million Stock Position in Target Co. (NYSE:TGT)

Cerity Partners LLC lifted its position in Target Co. (NYSE:TGT) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,584 shares of the retailer’s stock after acquiring an additional 21,008 shares during the period. Cerity Partners LLC’s holdings in Target were worth $27,522,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the period. Boston Partners acquired a new position in Target during the first quarter valued at $335,870,000. AQR Capital Management LLC lifted its stake in Target by 711.2% in the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after acquiring an additional 768,479 shares in the last quarter. Swedbank AB acquired a new stake in Target during the 1st quarter worth about $107,367,000. Finally, Victory Capital Management Inc. grew its stake in Target by 11.4% during the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after acquiring an additional 440,307 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction 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. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. This represents a 12.90 % 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 valued at $8,290,995. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 target price on shares of Target in a research note on Wednesday, November 20th. Guggenheim lowered their price target on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus cut their price objective on Target from $165.00 to $137.00 and set a “hold” rating for the company in a report on Thursday. Finally, Roth Mkm reduced their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.13.

Target Stock Performance

Shares of NYSE TGT opened at $125.01 on Monday. The firm has a market capitalization of $57.59 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.57 and a beta of 1.24. Target Co. has a one year low of $120.21 and a one year high of $181.86. The business has a fifty day simple moving average of $151.27 and a 200 day simple moving average of $149.54. The company has a current ratio of 0.94, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the company posted $2.10 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts expect that Target Co. will post 9.58 EPS for the current year.

Target Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is 47.51%.

Target 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.