Savant Capital LLC Sells 756 Shares of Target Co. (NYSE:TGT)

Savant Capital LLC lessened its holdings in shares of Target Co. (NYSE:TGTFree Report) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,547 shares of the retailer’s stock after selling 756 shares during the period. Savant Capital LLC’s holdings in Target were worth $1,498,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Tower View Wealth Management LLC boosted its holdings in shares of Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its holdings in shares of Target by 15.8% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,449 shares of the retailer’s stock valued at $713,000 after buying an additional 882 shares in the last quarter. Comerica Bank bought a new position in Target in the 2nd quarter worth about $87,276,000. SevenBridge Financial Group LLC increased its stake in Target by 3.1% during the 2nd quarter. SevenBridge Financial Group LLC now owns 28,226 shares of the retailer’s stock valued at $3,723,000 after purchasing an additional 837 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Target by 83.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 72,460 shares of the retailer’s stock valued at $8,012,000 after purchasing an additional 33,060 shares in the last quarter. Institutional investors own 78.33% of the company’s stock.

Target Trading Down 0.7 %

Target stock opened at $140.52 on Wednesday. The stock has a market cap of $64.87 billion, a P/E ratio of 17.92, a PEG ratio of 1.20 and a beta of 1.12. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.86 and a quick ratio of 0.18. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.70. The firm’s 50 day moving average price is $138.40 and its 200-day moving average price is $126.74.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings data on Wednesday, November 15th. The retailer reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.62. The firm had revenue of $25 billion for the quarter, compared to analysts’ expectations of $25.28 billion. Target had a net margin of 3.40% and a return on equity of 30.69%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 earnings per share. On average, equities analysts predict that Target Co. will post 8.34 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 10th. Stockholders of record on Wednesday, February 21st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Friday, January 19th. Target’s payout ratio is currently 56.12%.

Insider Activity

In related news, insider Don H. Liu sold 16,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $130.00, for a total value of $2,080,000.00. Following the sale, the insider now owns 48,882 shares in the company, valued at $6,354,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Target news, insider Christina Hennington sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $130.55, for a total transaction of $522,200.00. Following the transaction, the insider now owns 38,451 shares in the company, valued at $5,019,778.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Don H. Liu sold 16,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $130.00, for a total transaction of $2,080,000.00. Following the transaction, the insider now owns 48,882 shares in the company, valued at approximately $6,354,660. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $3,127,520 over the last quarter. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of Target from $165.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, November 14th. BMO Capital Markets raised their price objective on shares of Target from $120.00 to $130.00 and gave the company a “market perform” rating in a research note on Thursday, November 16th. Bank of America raised shares of Target from a “neutral” rating to a “buy” rating and raised their price target for the company from $120.00 to $135.00 in a report on Thursday, October 12th. Royal Bank of Canada dropped their price target on shares of Target from $161.00 to $157.00 and set an “outperform” rating on the stock in a report on Thursday, November 16th. Finally, Truist Financial dropped their price target on shares of Target from $133.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, October 5th. Fourteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Target currently has an average rating of “Moderate Buy” and a consensus price target of $155.62.

View Our Latest Report on TGT

Target Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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