Target Co. (NYSE:TGT) Shares Bought by Sitrin Capital Management LLC

Sitrin Capital Management LLC lifted its stake in shares of Target Co. (NYSE:TGT) by 15.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,742 shares of the retailer’s stock after acquiring an additional 234 shares during the period. Sitrin Capital Management LLC’s holdings in Target were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Triad Wealth Partners LLC acquired a new position in Target during the 2nd quarter worth approximately $25,000. Slocum Gordon & Co LLP bought a new position in Target in the second quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Target during the second quarter valued at approximately $31,000. Washington Trust Advisors Inc. lifted its position in Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Wolff Wiese Magana LLC lifted its position in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction on 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 owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is owned by insiders.

Target Stock Up 0.6 %

Shares of TGT traded up $0.86 during mid-day trading on Friday, hitting $150.90. 448,160 shares of the company’s stock were exchanged, compared to its average volume of 3,911,655. The stock has a market cap of $69.52 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.92 and a beta of 1.24. Target Co. has a twelve month low of $105.23 and a twelve month high of $181.86. The firm has a fifty day moving average of $153.19 and a two-hundred day moving average of $151.50. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The company had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter in the prior year, the company posted $1.80 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Target Co. will post 9.53 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio is 46.28%.

Wall Street Analyst Weigh In

TGT has been the topic of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price target on shares of Target in a research report on Thursday, September 19th. Melius Research started coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price on the stock. Bank of America upped their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Oppenheimer lowered their price objective on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Roth Mkm boosted their target price on shares of Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Target Company 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.