Stonebrook Private Inc. Has $443,000 Stake in Target Co. (NYSE:TGT)

Stonebrook Private Inc. grew its holdings in Target Co. (NYSE:TGT) by 3.7% during the third quarter, Holdings Channel.com reports. The firm owned 2,840 shares of the retailer’s stock after buying an additional 102 shares during the period. Stonebrook Private Inc.’s holdings in Target were worth $443,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Triad Wealth Partners LLC bought a new stake in shares of Target in the 2nd quarter valued at approximately $25,000. Slocum Gordon & Co LLP bought a new stake in shares of Target in the 2nd quarter valued at approximately $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Target in the 2nd quarter valued at approximately $31,000. Wolff Wiese Magana LLC grew its stake in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Target in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. Roth Mkm lowered their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday. Melius Research began coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial upped their target price on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Finally, Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 target price for the company in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Target presently has an average rating of “Moderate Buy” and an average target price of $162.13.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were 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 owns 7,276 shares in the company, valued at approximately $1,114,173.88. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

Target Stock Performance

Target stock opened at $125.01 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.27. The stock has a fifty day moving average price of $151.27 and a two-hundred day moving average price of $149.69. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The firm has a market capitalization of $57.59 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.57 and a beta of 1.24.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 EPS. As a group, analysts anticipate that Target Co. will post 9.58 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is presently 47.51%.

Target 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.