Target Co. (NYSE:TGT) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lessened its position in shares of Target Co. (NYSE:TGT) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,368 shares of the retailer’s stock after selling 3,958 shares during the quarter. Target makes up 0.8% of Azzad Asset Management Inc. ADV’s holdings, making the stock its 14th biggest position. Azzad Asset Management Inc. ADV’s holdings in Target were worth $6,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Little House Capital LLC acquired a new position in shares of Target during the 1st quarter worth approximately $1,041,000. Nordea Investment Management AB raised its position in Target by 23.6% during the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after acquiring an additional 122,706 shares during the period. QRG Capital Management Inc. lifted its holdings in Target by 11.4% during the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock valued at $11,618,000 after purchasing an additional 6,690 shares in the last quarter. Janney Capital Management LLC purchased a new position in Target during the first quarter valued at $13,958,000. Finally, United Services Automobile Association grew its position in shares of Target by 134.6% in the fourth quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock valued at $14,781,000 after purchasing an additional 59,553 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

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 shares were 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 owns 303,843 shares in the company, valued at $48,210,768.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TGT has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank of Canada increased their target price on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Roth Mkm boosted their price target on shares of Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Oppenheimer cut their price objective on shares of Target from $200.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Target from $209.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.68.

Target Trading Up 0.1 %

NYSE:TGT traded up $0.20 during trading hours on Friday, reaching $153.62. 3,884,328 shares of the stock were exchanged, compared to its average volume of 4,042,306. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The business has a 50-day moving average of $147.03 and a two-hundred day moving average of $154.86. The company has a market capitalization of $71.07 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.38 and a beta of 1.19. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. Target’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted $1.80 EPS. On average, equities analysts predict that Target Co. will post 9.31 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a dividend of $1.12 per share. This is an increase from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 2.92%. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is presently 50.28%.

Target Company 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.