1,710 Shares in Target Co. (NYSE:TGT) Acquired by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Target Co. (NYSE:TGT) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,710 shares of the retailer’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Schear Investment Advisers LLC lifted its stake in Target by 6.1% in the 3rd quarter. Schear Investment Advisers LLC now owns 1,540 shares of the retailer’s stock worth $240,000 after purchasing an additional 89 shares in the last quarter. RIA Advisory Group LLC purchased a new stake in shares of Target in the third quarter worth about $241,000. Natixis Advisors LLC boosted its stake in Target by 6.4% during the third quarter. Natixis Advisors LLC now owns 395,076 shares of the retailer’s stock valued at $61,577,000 after buying an additional 23,741 shares during the last quarter. Coastline Trust Co increased its stake in Target by 6.6% in the 3rd quarter. Coastline Trust Co now owns 5,236 shares of the retailer’s stock worth $816,000 after acquiring an additional 325 shares during the last quarter. Finally, Valley Wealth Managers Inc. increased its stake in Target by 1.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 113,532 shares of the retailer’s stock worth $17,695,000 after acquiring an additional 1,429 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $152.13 on Monday. The stock’s 50-day moving average is $152.56 and its 200 day moving average is $150.34. Target Co. has a 1-year low of $127.19 and a 1-year high of $181.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The company has a market cap of $70.08 billion, a P/E ratio of 15.72, a PEG ratio of 2.01 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 EPS. Research analysts predict that Target Co. will post 9.55 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.94%. Target’s dividend payout ratio (DPR) is 46.28%.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the 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 transaction, the insider now directly owns 303,843 shares of the company’s stock, 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 the SEC website. Also, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Daiwa America upgraded shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Citigroup upped their target price on shares of Target from $180.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. StockNews.com cut Target from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Jefferies Financial Group raised their price target on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Sanford C. Bernstein began coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

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.