Hantz Financial Services Inc. Purchases 329 Shares of Target Co. (NYSE:TGT)

Hantz Financial Services Inc. boosted its position in Target Co. (NYSE:TGT) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,781 shares of the retailer’s stock after buying an additional 329 shares during the quarter. Hantz Financial Services Inc.’s holdings in Target were worth $10,720,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TGT. Triad Wealth Partners LLC bought a new stake in shares of Target in the second quarter worth $25,000. Slocum Gordon & Co LLP bought a new stake in Target during the 2nd quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Target during the 2nd quarter worth about $31,000. Wolff Wiese Magana LLC grew its holdings 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 acquiring an additional 133 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Target in the second quarter valued at about $37,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of a number of analyst reports. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. StockNews.com cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $165.00 target price on shares of Target in a report on Monday. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. Finally, BMO Capital Markets dropped their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock 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 given a buy rating to the company. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $160.30.

Target Stock Performance

TGT opened at $130.09 on Friday. The firm has a market cap of $59.93 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24. The business’s fifty day moving average is $149.31 and its 200-day moving average is $148.78. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last released 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the business earned $2.10 earnings per share. Target’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts expect that Target Co. will post 8.6 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. Shareholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is presently 47.51%.

Insider Buying and Selling at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

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.