Target Co. (NYSE:TGT) Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. raised its position in Target Co. (NYSE:TGTGet Rating) by 26.1% in the second quarter, Holdings Channel reports. The institutional investor owned 4,473 shares of the retailer’s stock after purchasing an additional 926 shares during the period. Koshinski Asset Management Inc.’s holdings in Target were worth $632,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Target by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 43,254,086 shares of the retailer’s stock valued at $9,179,381,000 after purchasing an additional 589,926 shares during the last quarter. State Street Corp boosted its stake in shares of Target by 0.5% during the fourth quarter. State Street Corp now owns 35,922,818 shares of the retailer’s stock worth $8,313,977,000 after buying an additional 191,484 shares during the period. Capital World Investors grew its holdings in shares of Target by 22.9% during the fourth quarter. Capital World Investors now owns 8,941,995 shares of the retailer’s stock worth $2,069,535,000 after buying an additional 1,666,948 shares during the last quarter. Norges Bank acquired a new position in Target in the 4th quarter valued at about $1,094,330,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Target by 12.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,500,093 shares of the retailer’s stock valued at $530,570,000 after acquiring an additional 269,648 shares during the last quarter. Institutional investors and hedge funds own 77.42% of the company’s stock.

Target Stock Down 3.8 %

Shares of NYSE:TGT 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. The company has a market capitalization of $70.40 billion, a P/E ratio of 17.38, a P/E/G ratio of 2.00 and a beta of 1.02. Target Co. has a 52-week low of $137.16 and a 52-week high of $268.98. The stock’s fifty day simple moving average is $163.84 and its 200-day simple moving average is $182.03.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.82%. Target’s dividend payout ratio (DPR) is currently 49.09%.

Analysts Set New Price Targets

Several brokerages have weighed in on TGT. Stifel Nicolaus lifted their target price on Target from $185.00 to $195.00 and gave the company a “hold” rating in a research note on Thursday, August 18th. Guggenheim upped their price objective on shares of Target to $190.00 in a research report on Monday, August 22nd. Morgan Stanley dropped their price target on shares of Target from $255.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 8th. Cowen increased their price target on shares of Target to $210.00 in a report on Monday, August 22nd. Finally, Telsey Advisory Group dropped their target price on Target from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 8th. Nine research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.67.

Insiders Place Their Bets

In other Target news, insider John J. Mulligan sold 39,101 shares of the stock in a transaction on 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 transaction, the insider now owns 118,425 shares of the company’s stock, valued at approximately $19,660,918.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Matthew A. Liegel sold 1,226 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $173.80, for a total value of $213,078.80. Following the completion of the sale, the chief accounting officer now directly owns 2,812 shares in the company, valued at $488,725.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John J. Mulligan sold 39,101 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 118,425 shares in the company, valued at approximately $19,660,918.50. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Target Company Profile

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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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