Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 268 Shares of Target Co. (NYSE:TGT)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in shares of Target Co. (NYSE:TGT) by 2.7% in the 3rd quarter, Holdings Channel reports. The firm owned 9,617 shares of the retailer’s stock after selling 268 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Target were worth $1,444,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new position in Target during the 2nd quarter worth approximately $25,000. Washington Trust Advisors Inc. raised its holdings in Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Slocum Gordon & Co LLP bought a new position in Target during the 2nd quarter worth approximately $28,000. Retirement Group LLC increased its stake in shares of Target by 85.0% in the 1st quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after acquiring an additional 91 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Target in the 2nd quarter valued at $31,000. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TGT shares. Bank of America lifted their price objective on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group lifted their price objective on shares of Target from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada lifted their price objective on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $180.00 price objective on shares of Target in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Target has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Target Price Performance

TGT opened at $148.50 on Thursday. The firm has a market cap of $68.41 billion, a P/E ratio of 15.34, a PEG ratio of 1.99 and a beta of 1.24. The firm has a 50-day moving average of $153.33 and a 200 day moving average of $151.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target Co. has a fifty-two week low of $105.23 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last posted its quarterly 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 during the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 earnings per share. On average, research analysts expect that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 3.02%. Target’s payout ratio is currently 46.28%.

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.