CHICAGO TRUST Co NA Purchases 966 Shares of Target Co. (NYSE:TGT)

CHICAGO TRUST Co NA grew its position in shares of Target Co. (NYSE:TGT) by 22.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,195 shares of the retailer’s stock after acquiring an additional 966 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Target were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TGT. Little House Capital LLC bought a new position in Target in the 1st quarter valued at about $1,041,000. Nordea Investment Management AB boosted its position in shares of Target by 23.6% during the first quarter. Nordea Investment Management AB now owns 642,340 shares of the retailer’s stock valued at $112,686,000 after buying an additional 122,706 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Target by 11.4% during the first quarter. QRG Capital Management Inc. now owns 65,558 shares of the retailer’s stock worth $11,618,000 after buying an additional 6,690 shares in the last quarter. Janney Capital Management LLC purchased a new stake in Target in the 1st quarter valued at $13,958,000. Finally, Wellington Management Group LLP lifted its stake in Target by 864.4% during the 4th quarter. Wellington Management Group LLP now owns 57,613 shares of the retailer’s stock valued at $8,205,000 after acquiring an additional 51,639 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on TGT. Citigroup boosted their price target on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. UBS Group boosted their target price on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Roth Mkm increased their price target on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Daiwa America upgraded Target to a “strong-buy” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Target currently has an average rating of “Moderate Buy” and a consensus price target of $179.69.

Insider Buying and Selling

In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. 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 at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

Target Trading Up 1.6 %

Shares of TGT stock opened at $158.46 on Friday. The stock has a fifty day simple moving average of $149.86 and a two-hundred day simple moving average of $153.38. Target Co. has a 52-week low of $105.23 and a 52-week high of $181.86. The firm has a market capitalization of $73.00 billion, a PE ratio of 16.37, a PEG ratio of 1.99 and a beta of 1.24. 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 (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. Target’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 EPS. On average, analysts predict that Target Co. will post 9.53 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 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.