Koshinski Asset Management Inc. Has $632,000 Stock Position in Target Co. (NYSE:TGT)

Koshinski Asset Management Inc. raised its holdings in Target Co. (NYSE:TGTGet 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 (NYSE:TGTGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The retailer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.32). Target had a return on equity of 35.15% and a net margin of 3.92%. The company had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $26.07 billion. During the same quarter in the previous year, the business earned $3.64 earnings per share. Target’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Target Co. will post 8.11 EPS for the current year.

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.

About Target

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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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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