Truvestments Capital LLC Invests $61,000 in Target Co. (NYSE:TGT)

Truvestments Capital LLC purchased a new position in shares of Target Co. (NYSE:TGT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 392 shares of the retailer’s stock, valued at approximately $61,000.

Several other institutional investors also recently modified their holdings of TGT. Triad Wealth Partners LLC acquired a new position in shares of Target during the second quarter worth $25,000. Slocum Gordon & Co LLP bought a new stake in shares of Target in the second quarter worth $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Target in the second quarter worth $31,000. Wolff Wiese Magana LLC grew its stake in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Target in the second quarter worth $37,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 2.8 %

Target stock opened at $130.11 on Thursday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The firm has a 50 day moving average price of $149.84 and a 200-day moving average price of $148.92. The company has a market capitalization of $59.94 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.14 and a beta of 1.24. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that Target Co. will post 8.6 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Insider Buying and Selling

In related news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TGT. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus cut their price target on shares of Target from $165.00 to $137.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price target on shares of Target in a research report on Wednesday, November 20th. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, StockNews.com lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $160.30.

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.