Target Co. (NYSE:TGT) is Blueshift Asset Management LLC’s 8th Largest Position

Blueshift Asset Management LLC boosted its stake in shares of Target Co. (NYSE:TGT) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,234 shares of the retailer’s stock after buying an additional 3,938 shares during the quarter. Target makes up approximately 1.2% of Blueshift Asset Management LLC’s portfolio, making the stock its 8th largest holding. Blueshift Asset Management LLC’s holdings in Target were worth $5,024,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cynosure Group LLC grew its position in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares during the period. Financial Advocates Investment Management increased its position in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after buying an additional 67 shares during the last quarter. Hancock Whitney Corp increased its position in Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares during the last quarter. Beacon Capital Management LLC raised its stake in shares of Target by 20.8% in the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after buying an additional 69 shares during the period. Finally, Integral Investment Advisors Inc. grew its stake in shares of Target by 5.3% during the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 3.0 %

NYSE TGT opened at $126.55 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The firm has a market capitalization of $58.30 billion, a PE ratio of 13.42, a P/E/G ratio of 2.14 and a beta of 1.24. The stock’s 50 day moving average is $150.31 and its 200 day moving average is $149.05.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is currently 47.51%.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 12.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TGT. Wells Fargo & Company cut their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Truist Financial raised their price target on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Roth Mkm decreased their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Guggenheim reduced their target price on Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, UBS Group increased their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $160.30.

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.