Target Co. (NYSE:TGT) Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lessened its position in Target Co. (NYSE:TGTGet Rating) by 77.3% during the second quarter, Holdings Channel reports. The fund owned 7,240 shares of the retailer’s stock after selling 24,601 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Target were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Brookstone Capital Management bought a new position in shares of Target during the 1st quarter valued at about $2,453,000. CIBC World Markets Inc. lifted its position in shares of Target by 0.5% in the fourth quarter. CIBC World Markets Inc. now owns 23,884 shares of the retailer’s stock worth $5,528,000 after purchasing an additional 121 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Target by 32.5% in the first quarter. First Hawaiian Bank now owns 13,533 shares of the retailer’s stock worth $2,872,000 after purchasing an additional 3,316 shares in the last quarter. West Family Investments Inc. lifted its position in shares of Target by 18.9% in the first quarter. West Family Investments Inc. now owns 2,988 shares of the retailer’s stock worth $634,000 after purchasing an additional 476 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Target by 17.0% during the first quarter. NewEdge Advisors LLC now owns 184,821 shares of the retailer’s stock valued at $39,222,000 after acquiring an additional 26,849 shares in the last quarter. Institutional investors and hedge funds own 77.42% of the company’s stock.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 1,226 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $173.80, for a total value of $213,078.80. Following the completion of the transaction, the chief accounting officer now directly owns 2,812 shares in the company, valued at $488,725.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John J. Mulligan sold 39,101 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $166.02, for a total transaction of $6,491,548.02. Following the completion of the transaction, the insider now directly owns 118,425 shares in the company, valued at $19,660,918.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 1,226 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $173.80, for a total value of $213,078.80. Following the transaction, the chief accounting officer now owns 2,812 shares of the company’s stock, valued at $488,725.60. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $152.96 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. Target Co. has a twelve month low of $137.16 and a twelve month high of $268.98. The company has a market cap of $70.40 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.99 and a beta of 1.02. The business has a fifty day simple moving average of $163.84 and a 200 day simple moving average of $182.03.

Target (NYSE:TGTGet Rating) last posted its earnings results on Wednesday, August 17th. The retailer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.32). The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $26.07 billion. Target had a net margin of 3.92% and a return on equity of 35.15%. Target’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.64 earnings per share. On average, sell-side analysts forecast that Target Co. will post 8.11 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.82%. Target’s dividend payout ratio is presently 49.09%.

Analyst Ratings Changes

Several brokerages have commented on TGT. UBS Group lowered their price target on Target from $225.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, June 8th. JPMorgan Chase & Co. lifted their price target on shares of Target from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Truist Financial lifted their price target on shares of Target from $150.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, August 18th. StockNews.com cut Target from a “buy” rating to a “hold” rating in a report on Saturday, May 28th. Finally, KeyCorp initiated coverage on Target in a report on Wednesday, September 14th. They set an “overweight” rating and a $200.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.67.

About Target

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Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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