Target Co. (NYSE:TGT) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC decreased its position in Target Co. (NYSE:TGT) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,135 shares of the retailer’s stock after selling 125 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Target were worth $14,131,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Impact Partnership Wealth LLC bought a new stake in shares of Target in the 2nd quarter worth approximately $26,000. Penserra Capital Management LLC bought a new stake in shares of Target in the 4th quarter worth approximately $35,000. Ogorek Anthony Joseph NY ADV raised its stake in Target by 465.3% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 277 shares of the retailer’s stock valued at $36,000 after acquiring an additional 228 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE bought a new stake in Target during the 1st quarter valued at $37,000. Finally, Centerpoint Advisors LLC raised its stake in Target by 12,050.0% during the 1st quarter. Centerpoint Advisors LLC now owns 243 shares of the retailer’s stock valued at $40,000 after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 78.33% of the company’s stock.

Insider Activity at Target

In related news, insider Don H. Liu sold 16,000 shares of Target stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $130.00, for a total transaction of $2,080,000.00. Following the completion of the sale, the insider now owns 48,882 shares of the company’s stock, valued at $6,354,660. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. Evercore ISI cut their target price on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, October 19th. Morgan Stanley cut their target price on Target from $155.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 7th. Jefferies Financial Group cut their target price on Target from $165.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday. DA Davidson reissued a “buy” rating and issued a $193.00 price objective on shares of Target in a research note on Wednesday, August 16th. Finally, Royal Bank of Canada dropped their price objective on Target from $161.00 to $157.00 and set an “outperform” rating on the stock in a research note on Thursday. Sixteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $154.39.

Target Stock Down 0.0 %

Shares of TGT stock traded down $0.05 on Friday, reaching $129.89. 5,983,144 shares of the company’s stock traded hands, compared to its average volume of 4,605,751. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.18 and a current ratio of 0.86. The company has a market capitalization of $59.96 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.45 and a beta of 1.04. The business’s 50 day moving average price is $112.79 and its two-hundred day moving average price is $127.54.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 15th. The retailer reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.62. The business had revenue of $25 billion for the quarter, compared to the consensus estimate of $25.28 billion. Target had a return on equity of 30.69% and a net margin of 3.40%. Target’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 earnings per share. On average, equities analysts forecast that Target Co. will post 7.56 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 3.39%. Target’s payout ratio is 56.12%.

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.