Main Street Financial Solutions LLC Has $955,000 Stake in Target Co. (NYSE:TGT)

Main Street Financial Solutions LLC raised its holdings in Target Co. (NYSE:TGT) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,128 shares of the retailer’s stock after buying an additional 191 shares during the period. Main Street Financial Solutions LLC’s holdings in Target were worth $955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its stake in Target by 3.4% in the first quarter. Bleakley Financial Group LLC now owns 8,473 shares of the retailer’s stock valued at $1,501,000 after purchasing an additional 280 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Target in the first quarter valued at $559,000. Kingsview Wealth Management LLC increased its holdings in Target by 5.9% during the first quarter. Kingsview Wealth Management LLC now owns 16,098 shares of the retailer’s stock worth $2,853,000 after buying an additional 895 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in Target by 5.5% during the first quarter. Orion Portfolio Solutions LLC now owns 58,272 shares of the retailer’s stock worth $10,326,000 after acquiring an additional 3,012 shares in the last quarter. Finally, Private Portfolio Partners LLC lifted its stake in Target by 5.8% in the first quarter. Private Portfolio Partners LLC now owns 1,886 shares of the retailer’s stock valued at $334,000 after acquiring an additional 103 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TGT shares. Truist Financial upped their target price on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Evercore ISI dropped their price objective on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Melius Research began coverage on Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. Oppenheimer decreased their target price on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price target on shares of Target in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.47.

Target Stock Down 0.4 %

Shares of TGT opened at $154.99 on Thursday. The firm has a 50 day simple moving average of $152.46 and a two-hundred day simple moving average of $150.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. Target Co. has a one year low of $108.08 and a one year high of $181.86. The company has a market cap of $71.40 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.01 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. Research analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 46.28%.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were 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 $19,418,510.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 in the last three months. 0.15% of the stock is owned by corporate insiders.

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.