Target Co. (NYSE:TGT) Shares Purchased by Olstein Capital Management L.P.

Olstein Capital Management L.P. raised its stake in Target Co. (NYSE:TGT) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,000 shares of the retailer’s stock after acquiring an additional 4,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Target were worth $7,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Triad Wealth Partners LLC purchased a new position in Target in the 2nd quarter valued at about $25,000. Slocum Gordon & Co LLP acquired a new position in shares of Target in the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Target during the second quarter valued at approximately $31,000. Washington Trust Advisors Inc. lifted its stake in shares of Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after buying an additional 64 shares during the period. Finally, Wolff Wiese Magana LLC lifted its position in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the 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 transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the 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 directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is owned by corporate insiders.

Target Trading Up 2.3 %

TGT traded up $3.34 during trading on Thursday, reaching $150.63. The company had a trading volume of 453,042 shares, compared to its average volume of 3,913,043. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target Co. has a 12-month low of $105.23 and a 12-month high of $181.86. The company has a market cap of $69.39 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.93 and a beta of 1.24. The firm’s 50-day simple moving average is $152.52 and its 200 day simple moving average is $150.96.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.80 earnings per share. Equities research analysts anticipate that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.97%. Target’s payout ratio is 46.28%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TGT. StockNews.com raised shares of Target from a “buy” rating to a “strong-buy” rating in a research note on Monday. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price objective on shares of Target in a research note on Thursday, September 19th. Melius Research began coverage on Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 target price for the company. Truist Financial increased their price objective on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Finally, Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $179.47.

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.