SilverOak Wealth Management LLC Purchases 80 Shares of Target Co. (NYSE:TGT)

SilverOak Wealth Management LLC increased its position in shares of Target Co. (NYSE:TGT) by 4.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,728 shares of the retailer’s stock after acquiring an additional 80 shares during the period. SilverOak Wealth Management LLC’s holdings in Target were worth $269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Triad Wealth Partners LLC bought a new position in shares of Target during the second quarter valued at $25,000. Slocum Gordon & Co LLP bought a new position in Target during the 2nd quarter worth $28,000. Hobbs Group Advisors LLC acquired a new position in Target during the 2nd quarter worth about $31,000. Washington Trust Advisors Inc. lifted 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 buying an additional 64 shares during the period. Finally, Wolff Wiese Magana LLC grew its position in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Target news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The trade was 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. 0.15% of the stock is currently owned by company insiders.

Target Stock Performance

Shares of NYSE TGT traded down $1.13 during mid-day trading on Friday, hitting $149.78. The company had a trading volume of 3,323,610 shares, compared to its average volume of 3,930,602. The stock’s 50-day moving average price is $152.39 and its 200-day moving average price is $150.84. The company has a market capitalization of $69.00 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.93 and a beta of 1.24. 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 1 year low of $105.23 and a 1 year high of $181.86.

Target (NYSE:TGT) last announced 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. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. During the same period in the prior year, the business posted $1.80 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.99%. Target’s dividend payout ratio (DPR) is currently 46.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer cut their price objective on Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Bank of America boosted their price target on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI lowered their target price on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Target presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

About Target

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.