Joel Isaacson & Co. LLC Sells 464 Shares of Target Co. (NYSE:TGT)

Joel Isaacson & Co. LLC lowered its position in shares of Target Co. (NYSE:TGT) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,566 shares of the retailer’s stock after selling 464 shares during the period. Joel Isaacson & Co. LLC’s holdings in Target were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Financial Management Network Inc. bought a new position in Target during the 3rd quarter worth $210,000. Canal Capital Management LLC bought a new stake in shares of Target in the third quarter valued at about $204,000. Ballentine Partners LLC grew its stake in shares of Target by 6.3% in the third quarter. Ballentine Partners LLC now owns 11,590 shares of the retailer’s stock valued at $1,806,000 after acquiring an additional 683 shares in the last quarter. Cross Staff Investments Inc increased its position in Target by 1.7% during the third quarter. Cross Staff Investments Inc now owns 4,676 shares of the retailer’s stock worth $729,000 after acquiring an additional 76 shares during the period. Finally, West Michigan Advisors LLC raised its stake in Target by 15.5% in the 3rd quarter. West Michigan Advisors LLC now owns 3,233 shares of the retailer’s stock worth $504,000 after purchasing an additional 434 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the business’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 transaction of $7,140,150.00. Following the completion of the sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,348 shares of company stock valued at $8,290,995. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Daiwa Capital Markets upgraded Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Monday, August 26th. Daiwa America upgraded Target to a “strong-buy” rating in a research report on Monday, August 26th. Citigroup increased their target price on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, TD Cowen boosted their price target on Target from $165.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.47.

Target Stock Up 0.7 %

Shares of TGT opened at $151.16 on Friday. The company has a market capitalization of $69.93 billion, a PE ratio of 16.97, a PEG ratio of 1.99 and a beta of 1.24. The stock’s 50-day moving average price is $153.38 and its two-hundred day moving average price is $151.95. 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 12 month low of $105.23 and a 12 month high of $181.86.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. The business 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 firm’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. On average, analysts anticipate that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.96%. Target’s payout ratio is 50.28%.

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.