Target Co. (NYSE:TGT) Shares Sold by Royal Capital Wealth Management LLC

Royal Capital Wealth Management LLC lowered its stake in Target Co. (NYSE:TGT) by 8.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,444 shares of the retailer’s stock after selling 134 shares during the quarter. Royal Capital Wealth Management LLC’s holdings in Target were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Triad Wealth Partners LLC acquired a new stake in shares of Target in the 2nd quarter worth approximately $25,000. Slocum Gordon & Co LLP acquired a new stake in Target in the second quarter worth approximately $28,000. Hobbs Group Advisors LLC bought a new position in Target during the 2nd quarter valued at $31,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter worth $36,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.7 %

Target stock opened at $132.31 on Friday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $60.95 billion, a P/E ratio of 14.03, a P/E/G ratio of 2.17 and a beta of 1.24. The company’s fifty day simple moving average is $148.86 and its 200-day simple moving average is $148.51.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS 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 firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the firm earned $2.10 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Target Co. will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

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 given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is presently 47.51%.

Analyst Ratings Changes

TGT has been the subject of several research reports. Royal Bank of Canada raised their target price on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI reduced their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Guggenheim dropped their target price on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. UBS Group raised their target price on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, StockNews.com lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.30.

Insider Buying and Selling at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.