Mitsubishi UFJ Trust & Banking Corp Sells 6,911 Shares of Target Co. (NYSE:TGT)

Mitsubishi UFJ Trust & Banking Corp reduced its position in Target Co. (NYSE:TGTFree Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,443 shares of the retailer’s stock after selling 6,911 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Target worth $29,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Tower View Wealth Management LLC lifted its position in shares of Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after purchasing an additional 106 shares during the period. Sittner & Nelson LLC raised its stake in Target by 150.6% in the second quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock worth $28,000 after buying an additional 128 shares in the last quarter. First Capital Advisors Group LLC. purchased a new stake in Target during the second quarter worth $31,000. WFA of San Diego LLC purchased a new position in shares of Target in the 2nd quarter valued at $33,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Target in the 4th quarter valued at $35,000. 78.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TGT shares. Evercore ISI decreased their price objective on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, October 19th. Roth Mkm reissued a “neutral” rating and set a $140.00 price target on shares of Target in a research report on Thursday, November 16th. Citigroup lifted their price objective on shares of Target from $117.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Jefferies Financial Group cut their price target on shares of Target from $165.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, November 14th. Fourteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.15.

Get Our Latest Analysis on Target

Insider Buying and Selling

In other news, insider Matthew L. Zabel sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $131.33, for a total value of $525,320.00. Following the completion of the sale, the insider now directly owns 16,486 shares in the company, valued at $2,165,106.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Target news, insider Don H. Liu sold 16,000 shares of the company’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 completion of the transaction, the insider now directly owns 48,882 shares in the company, valued at $6,354,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew L. Zabel sold 4,000 shares of Target stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $131.33, for a total transaction of $525,320.00. Following the completion of the sale, the insider now owns 16,486 shares in the company, valued at approximately $2,165,106.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,000 shares of company stock valued at $3,127,520. 0.23% of the stock is owned by company insiders.

Target Trading Down 0.6 %

Shares of NYSE:TGT opened at $146.53 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.18 and a debt-to-equity ratio of 1.19. Target Co. has a 12-month low of $102.93 and a 12-month high of $177.29. The business has a 50 day moving average of $140.42 and a two-hundred day moving average of $127.42. The company has a market capitalization of $67.65 billion, a PE ratio of 18.69, a PEG ratio of 1.13 and a beta of 1.11.

Target (NYSE:TGTGet Free Report) last posted its earnings results 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 during 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 business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS. As a group, analysts forecast that Target Co. will post 8.34 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 10th. Investors of record on Wednesday, February 21st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $4.40 annualized dividend and a dividend yield of 3.00%. Target’s dividend payout ratio is presently 56.12%.

Target Company 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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