Prestige Wealth Management Group LLC Buys 100 Shares of Target Co. (NYSE:TGT)

Prestige Wealth Management Group LLC boosted its stake in Target Co. (NYSE:TGT) by 29.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 444 shares of the retailer’s stock after purchasing an additional 100 shares during the period. Prestige Wealth Management Group LLC’s holdings in Target were worth $69,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after purchasing an additional 9,510 shares during the last quarter. Prana Capital Management LP lifted its stake in Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in Target in the 3rd quarter valued at approximately $967,000. Finally, TAP Consulting LLC bought a new position in Target in the 3rd quarter valued at approximately $2,403,000. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

TGT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and dropped their price objective for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. BMO Capital Markets decreased their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Bank of America decreased their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Finally, HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $160.57.

Target Trading Down 0.1 %

NYSE:TGT opened at $135.09 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $61.90 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 2.17 and a beta of 1.17. The firm has a fifty day simple moving average of $145.97 and a two-hundred day simple moving average of $147.52. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 earnings per share. Analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 47.51%.

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.