Valtinson Bruner Financial Planning LLC Raises Stock Position in Target Co. (NYSE:TGT)

Valtinson Bruner Financial Planning LLC lifted its position in Target Co. (NYSE:TGT) by 15.0% in the second quarter, Holdings Channel reports. The firm owned 4,103 shares of the retailer’s stock after buying an additional 536 shares during the period. Valtinson Bruner Financial Planning LLC’s holdings in Target were worth $607,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TGT. Advisor OS LLC increased its holdings in Target by 87.3% during the second quarter. Advisor OS LLC now owns 7,830 shares of the retailer’s stock valued at $1,159,000 after buying an additional 3,649 shares during the period. Savant Capital LLC raised its position in shares of Target by 3.9% in the 2nd quarter. Savant Capital LLC now owns 17,901 shares of the retailer’s stock worth $2,650,000 after acquiring an additional 669 shares in the last quarter. Sustainable Insight Capital Management LLC lifted its stake in shares of Target by 72.6% during the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,100 shares of the retailer’s stock worth $607,000 after purchasing an additional 1,724 shares during the last quarter. Candriam S.C.A. boosted its position in Target by 19.5% during the second quarter. Candriam S.C.A. now owns 95,932 shares of the retailer’s stock valued at $14,201,000 after purchasing an additional 15,671 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in Target by 0.3% in the second quarter. New York Life Investment Management LLC now owns 70,447 shares of the retailer’s stock valued at $10,429,000 after purchasing an additional 190 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’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 transaction, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Target Stock Performance

NYSE TGT opened at $151.28 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a 50-day moving average of $147.63 and a 200 day moving average of $155.06. The stock has a market capitalization of $69.99 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping 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 net margin of 4.18% and a return on equity of 33.10%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. Sell-side analysts anticipate that Target Co. will post 9.49 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, August 21st. This is an increase from Target’s previous quarterly dividend of $1.10. Target’s dividend payout ratio (DPR) is 50.28%.

Analysts Set New Price Targets

Several research firms have commented on TGT. Wells Fargo & Company increased their price target on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Evercore ISI raised their target price on shares of Target from $158.00 to $160.00 and gave the company an “inline” rating in a research note on Thursday, August 22nd. Roth Mkm upped their price target on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Truist Financial raised their price objective on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Finally, Piper Sandler assumed coverage on Target in a research report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Target presently has an average rating of “Moderate Buy” and an average price target of $179.68.

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.