Koshinski Asset Management Inc. raised its holdings in Target Co. (NYSE:TGT – Get Rating) by 26.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,473 shares of the retailer’s stock after acquiring an additional 926 shares during the period. Koshinski Asset Management Inc.’s holdings in Target were worth $632,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Connecticut Wealth Management LLC bought a new stake in Target during the 2nd quarter worth $287,000. Hamlin Capital Management LLC raised its holdings in Target by 17.0% in the 2nd quarter. Hamlin Capital Management LLC now owns 526,588 shares of the retailer’s stock valued at $74,370,000 after buying an additional 76,538 shares during the last quarter. Optimum Investment Advisors grew its holdings in Target by 16.6% during the 2nd quarter. Optimum Investment Advisors now owns 2,804 shares of the retailer’s stock worth $396,000 after acquiring an additional 400 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Target by 10.3% in the 2nd quarter. Resonant Capital Advisors LLC now owns 1,584 shares of the retailer’s stock valued at $224,000 after acquiring an additional 148 shares during the period. Finally, Diversified Trust Co raised its stake in shares of Target by 6.7% during the second quarter. Diversified Trust Co now owns 10,356 shares of the retailer’s stock valued at $1,463,000 after acquiring an additional 652 shares during the last quarter. Institutional investors and hedge funds own 77.42% of the company’s stock.
Target Stock Performance
NYSE TGT opened at $152.96 on Friday. The firm has a market cap of $70.40 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.00 and a beta of 1.02. The company has a 50-day simple moving average of $163.84 and a two-hundred day simple moving average of $182.03. The company has a quick ratio of 0.14, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. Target Co. has a 12-month low of $137.16 and a 12-month high of $268.98.
Target Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.82%. Target’s dividend payout ratio is currently 49.09%.
Insider Buying and Selling at Target
In other Target news, insider John J. Mulligan sold 39,101 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $166.02, for a total value of $6,491,548.02. Following the transaction, the insider now owns 118,425 shares in the company, valued at $19,660,918.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John J. Mulligan sold 39,101 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $166.02, for a total value of $6,491,548.02. Following the sale, the insider now directly owns 118,425 shares of the company’s stock, valued at $19,660,918.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 1,226 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $173.80, for a total value of $213,078.80. Following the transaction, the chief accounting officer now owns 2,812 shares in the company, valued at approximately $488,725.60. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
TGT has been the subject of a number of recent research reports. Bank of America increased their price objective on Target from $165.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. Robert W. Baird cut their price objective on Target from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 8th. DA Davidson increased their target price on shares of Target to $203.00 in a research report on Monday, August 22nd. StockNews.com lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Saturday, May 28th. Finally, The Goldman Sachs Group lifted their target price on shares of Target from $155.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Nine equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average price target of $193.67.
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.
- Get a free copy of the StockNews.com research report on Target (TGT)
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