Target Co. (NYSE:TGT) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC boosted its position in shares of Target Co. (NYSE:TGT) by 2.1% during the third quarter, Holdings Channel.com reports. The firm owned 19,515 shares of the retailer’s stock after buying an additional 406 shares during the quarter. Metis Global Partners LLC’s holdings in Target were worth $3,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Curi RMB Capital LLC lifted its stake in shares of Target by 1,655.7% in the 3rd quarter. Curi RMB Capital LLC now owns 85,978 shares of the retailer’s stock valued at $13,401,000 after purchasing an additional 81,081 shares during the last quarter. Zions Bancorporation N.A. raised its stake in shares of Target by 7.7% in the 3rd quarter. Zions Bancorporation N.A. now owns 25,432 shares of the retailer’s stock valued at $3,964,000 after acquiring an additional 1,822 shares during the period. Plato Investment Management Ltd lifted its holdings in shares of Target by 0.8% in the 3rd quarter. Plato Investment Management Ltd now owns 21,495 shares of the retailer’s stock worth $3,347,000 after acquiring an additional 166 shares during the last quarter. Main Street Financial Solutions LLC grew its stake in shares of Target by 3.2% in the third quarter. Main Street Financial Solutions LLC now owns 6,128 shares of the retailer’s stock valued at $955,000 after buying an additional 191 shares in the last quarter. Finally, Schrum Private Wealth Management LLC raised its position in shares of Target by 100.6% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 3,594 shares of the retailer’s stock worth $560,000 after acquiring an additional 1,802 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE:TGT opened at $153.46 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average is $152.51 and its 200 day moving average is $150.52. Target Co. has a 12 month low of $124.88 and a 12 month high of $181.86. The company has a market capitalization of $70.69 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.80 earnings per share. Research analysts predict that Target Co. will post 9.54 EPS for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 46.28%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Sanford C. Bernstein assumed coverage on Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen lifted their price objective on Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a 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 report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, ten have given 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The trade was a 12.08 % 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 the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,348 shares of company stock valued at $8,290,995. Company insiders own 0.15% of the company’s stock.

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.