Cozad Asset Management Inc. Sells 1,214 Shares of Target Co. (NYSE:TGT)

Cozad Asset Management Inc. decreased its stake in shares of Target Co. (NYSE:TGT) by 9.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,064 shares of the retailer’s stock after selling 1,214 shares during the period. Cozad Asset Management Inc.’s holdings in Target were worth $1,724,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Norden Group LLC lifted its stake in Target by 17.2% in the 1st quarter. Norden Group LLC now owns 2,229 shares of the retailer’s stock worth $395,000 after purchasing an additional 327 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Target in the first quarter worth $248,000. Advisory Alpha LLC bought a new stake in Target during the first quarter valued at $237,000. Advisory Services Network LLC grew its position in Target by 0.8% during the first quarter. Advisory Services Network LLC now owns 19,152 shares of the retailer’s stock worth $3,394,000 after buying an additional 155 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Target by 110.1% in the 1st quarter. Empowered Funds LLC now owns 50,963 shares of the retailer’s stock worth $9,031,000 after acquiring an additional 26,711 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several recent analyst reports. Roth Mkm boosted their price objective on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Morgan Stanley reissued an “overweight” rating and issued a $180.00 price target on shares of Target in a report on Wednesday, August 21st. Citigroup lifted their price objective on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Truist Financial upped their target price on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $179.47.

Insider Activity at Target

In other Target news, 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 completion of the transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred 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 of the company’s stock, valued at $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Target Stock Performance

Shares of TGT stock opened at $150.91 on Friday. The firm has a market capitalization of $69.52 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.93 and a beta of 1.24. The stock has a fifty day moving average of $152.52 and a 200 day moving average of $150.96. Target Co. has a 52 week low of $105.23 and a 52 week high of $181.86. 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 announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts expect that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid 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 payout ratio is presently 46.28%.

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.