Target Co. (NYSE:TGT) Holdings Reduced by Gabelli Funds LLC

Gabelli Funds LLC cut its position in shares of Target Co. (NYSE:TGTFree Report) by 9.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,240 shares of the retailer’s stock after selling 230 shares during the quarter. Gabelli Funds LLC’s holdings in Target were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Applied Finance Capital Management LLC grew its position in Target by 9.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 125,029 shares of the retailer’s stock worth $13,824,000 after purchasing an additional 11,086 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Target by 3.7% during the third quarter. Janney Montgomery Scott LLC now owns 279,509 shares of the retailer’s stock valued at $30,905,000 after buying an additional 10,012 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Target by 5.7% during the third quarter. Atria Wealth Solutions Inc. now owns 38,659 shares of the retailer’s stock valued at $4,275,000 after buying an additional 2,079 shares during the period. Mattern Capital Management LLC lifted its stake in Target by 41.0% in the 3rd quarter. Mattern Capital Management LLC now owns 57,322 shares of the retailer’s stock worth $6,338,000 after acquiring an additional 16,672 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its position in Target by 5.3% during the 3rd quarter. Sowell Financial Services LLC now owns 14,674 shares of the retailer’s stock worth $1,622,000 after acquiring an additional 735 shares during the period. 78.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TGT. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Telsey Advisory Group increased their target price on shares of Target from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Wells Fargo & Company boosted their price target on shares of Target from $148.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Tigress Financial cut their price objective on Target from $215.00 to $180.00 and set a “buy” rating for the company in a report on Friday, October 20th. Finally, Gordon Haskett upgraded Target from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Wednesday, February 7th. Fourteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.15.

Check Out Our Latest Stock Analysis on TGT

Target Trading Down 0.6 %

Shares of TGT stock opened at $146.53 on Monday. 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 firm has a fifty day moving average of $140.42 and a 200-day moving average of $127.37. Target Co. has a 52-week low of $102.93 and a 52-week high of $177.29. The stock has a market cap of $67.65 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.13 and a beta of 1.11.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings results on Wednesday, November 15th. The retailer reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.62. Target had a net margin of 3.40% and a return on equity of 30.69%. The firm had revenue of $25 billion during the quarter, compared to analysts’ expectations of $25.28 billion. During the same quarter last year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Target Co. will post 8.34 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 10th. Shareholders of record on Wednesday, February 21st will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is 56.12%.

Insiders Place Their Bets

In other news, insider Christina Hennington sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $130.55, for a total value of $522,200.00. Following the sale, the insider now owns 38,451 shares in the company, valued at approximately $5,019,778.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Don H. Liu sold 16,000 shares of the firm’s 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 directly owns 48,882 shares of the company’s stock, valued at approximately $6,354,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christina Hennington sold 4,000 shares of Target stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $130.55, for a total value of $522,200.00. Following the completion of the transaction, the insider now owns 38,451 shares of the company’s stock, valued at approximately $5,019,778.05. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock worth $3,127,520 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Target Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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