Aigen Investment Management LP Makes New Investment in Target Co. (NYSE:TGT)

Aigen Investment Management LP purchased a new stake in shares of Target Co. (NYSE:TGT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,850 shares of the retailer’s stock, valued at approximately $1,068,000.

Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in Target by 6.8% in the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after purchasing an additional 279,656 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Target by 11.4% during the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after buying an additional 440,307 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Target by 17.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock worth $558,898,000 after buying an additional 470,647 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Target by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock worth $461,031,000 after acquiring an additional 435,229 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in Target by 9.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer’s stock valued at $458,131,000 after acquiring an additional 272,521 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the sale, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TGT has been the topic of several research reports. Evercore ISI dropped their target price on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Daiwa America upgraded shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Citigroup increased their price target on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets raised shares of 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. Finally, Truist Financial raised their target price on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Target Trading Up 1.6 %

Shares of TGT stock opened at $155.72 on Wednesday. The company has a market cap of $71.74 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The stock’s 50 day simple moving average is $152.38 and its two-hundred day simple moving average is $150.55. Target Co. has a 1 year low of $107.13 and a 1 year high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping 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%. Target’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.80 earnings per share. Research analysts predict that Target Co. will post 9.55 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.88%. Target’s dividend payout ratio is 46.28%.

Target 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.