Investors Asset Management of Georgia Inc. GA ADV Reduces Stake in Target Co. (NYSE:TGT)

Investors Asset Management of Georgia Inc. GA ADV trimmed its stake in Target Co. (NYSE:TGTFree Report) by 1.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,287 shares of the retailer’s stock after selling 145 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Target were worth $1,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TGT. Sittner & Nelson LLC lifted its position in shares of Target by 150.6% in the second quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock worth $28,000 after buying an additional 128 shares in the last quarter. Tower View Wealth Management LLC boosted its stake in shares of Target by 82.8% during the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares during the period. First Capital Advisors Group LLC. purchased a new stake in Target in the 2nd quarter valued at about $31,000. Penserra Capital Management LLC purchased a new position in shares of Target during the fourth quarter worth approximately $35,000. Finally, WFA of San Diego LLC bought a new position in Target during the 2nd quarter worth about $33,000. Institutional investors own 78.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TGT shares. Jefferies Financial Group cut their price target on Target from $165.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Evercore ISI decreased their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, October 19th. Telsey Advisory Group raised their price target on Target from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. JPMorgan Chase & Co. raised their target price on shares of Target from $113.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Finally, Morgan Stanley raised Target from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $140.00 to $165.00 in a report on Tuesday, January 16th. Fourteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Target presently has an average rating of “Moderate Buy” and an average target price of $156.15.

Check Out Our Latest Analysis on TGT

Insiders Place Their Bets

In other Target news, insider Don H. Liu sold 16,000 shares of Target stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $130.00, for a total transaction of $2,080,000.00. Following the transaction, the insider now owns 48,882 shares of the company’s stock, valued at approximately $6,354,660. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Don H. Liu sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $130.00, for a total transaction of $2,080,000.00. Following the completion of the sale, the insider now owns 48,882 shares in the company, valued at approximately $6,354,660. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christina Hennington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $130.55, for a total value of $522,200.00. Following the completion of the transaction, the insider now owns 38,451 shares in the company, valued at approximately $5,019,778.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,000 shares of company stock worth $3,127,520. Corporate insiders own 0.23% of the company’s stock.

Target Trading Up 2.0 %

Shares of TGT stock traded up $2.87 during trading hours on Monday, hitting $149.40. 3,394,417 shares of the company’s stock traded hands, compared to its average volume of 3,451,833. The stock has a market cap of $68.97 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.13 and a beta of 1.11. The stock’s 50 day simple moving average is $140.42 and its 200 day simple moving average is $127.37. The company has a quick ratio of 0.18, a current ratio of 0.86 and a debt-to-equity ratio of 1.19. Target Co. has a 12 month low of $102.93 and a 12 month high of $177.29.

Target (NYSE:TGTGet Free Report) last announced its earnings results on Wednesday, November 15th. The retailer reported $2.10 EPS for the quarter, beating the consensus estimate of $1.48 by $0.62. Target had a return on equity of 30.69% and a net margin of 3.40%. The business had revenue of $25 billion for the quarter, compared to analysts’ expectations of $25.28 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts anticipate that Target Co. will post 8.34 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 10th. Investors of record on Wednesday, February 21st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is currently 56.12%.

About Target

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGTFree Report).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.