Phillips Wealth Planners LLC Acquires 482 Shares of Target Co. (NYSE:TGT)

Phillips Wealth Planners LLC increased its holdings in shares of Target Co. (NYSE:TGT) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,517 shares of the retailer’s stock after acquiring an additional 482 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Target were worth $718,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TGT. Nordea Investment Management AB grew its stake in Target by 23.6% during the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock worth $112,686,000 after buying an additional 122,706 shares in the last quarter. QRG Capital Management Inc. grew its stake in Target by 11.4% during the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after buying an additional 6,690 shares in the last quarter. TAP Consulting LLC acquired a new stake in Target during the third quarter worth about $2,403,000. Janus Henderson Group PLC boosted its stake in shares of Target by 20.5% in the 1st quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock valued at $38,484,000 after purchasing an additional 36,941 shares in the last quarter. Finally, Eagle Rock Investment Company LLC boosted its stake in shares of Target by 166.3% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock valued at $2,522,000 after purchasing an additional 10,103 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TGT. Sanford C. Bernstein began coverage on shares of Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 target price on shares of Target in a research report on Thursday, September 19th. Daiwa America upgraded shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Wells Fargo & Company lifted their target price on shares of Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group lifted their target price on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’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 value of $7,140,150.00. Following the completion of the sale, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’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 value of $7,140,150.00. Following the completion of the sale, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

Target Trading Up 0.5 %

Shares of Target stock opened at $150.84 on Friday. Target Co. has a 52-week low of $105.23 and a 52-week high of $181.86. The stock’s 50-day simple moving average is $153.04 and its 200 day simple moving average is $151.40. The stock has a market capitalization of $69.49 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.92 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion for 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%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. As a group, research analysts anticipate that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 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.