Target Co. (NYSE:TGT) Stock Position Lessened by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC reduced its stake in shares of Target Co. (NYSE:TGT) by 42.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,628 shares of the retailer’s stock after selling 4,172 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Target were worth $877,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in Target during the second quarter worth approximately $25,000. Slocum Gordon & Co LLP acquired a new stake in shares of Target in the second quarter valued at $28,000. Hobbs Group Advisors LLC bought a new position in shares of Target during the 2nd quarter valued at about $31,000. Washington Trust Advisors Inc. lifted its stake in Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.7 %

Target stock opened at $151.16 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86. The firm’s fifty day simple moving average is $153.24 and its 200-day simple moving average is $152.22. The company has a market capitalization of $69.93 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last posted its 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 company had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.80 earnings per share. Sell-side analysts forecast that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.96%. Target’s payout ratio is currently 50.28%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price target on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Stifel Nicolaus upped their target price on Target from $147.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Citigroup boosted their price objective on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Truist Financial upped their price objective on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 target price on shares of Target in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Target presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were 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 directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock worth $8,290,995 over the last 90 days. Insiders own 0.23% of the company’s stock.

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.