Target Co. (NYSE:TGT) Shares Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC increased its holdings in shares of Target Co. (NYSE:TGT) by 13.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,234 shares of the retailer’s stock after acquiring an additional 3,938 shares during the quarter. Target comprises 1.2% of Blueshift Asset Management LLC’s portfolio, making the stock its 8th biggest holding. Blueshift Asset Management LLC’s holdings in Target were worth $5,024,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TGT. FMR LLC grew its stake in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. Legal & General Group Plc grew its position in shares of Target by 6.8% in the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after purchasing an additional 279,656 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Target by 11.4% during the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after purchasing an additional 440,307 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Target by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock worth $461,031,000 after purchasing an additional 435,229 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in Target by 9.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer’s stock worth $458,131,000 after buying an additional 272,521 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The stock was 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 owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

Target Price Performance

Shares of TGT opened at $126.55 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The business’s 50 day moving average price is $150.31 and its two-hundred day moving average price is $149.05. The firm has a market cap of $58.30 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued 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 3.54%. Target’s payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TGT. Bank of America lowered their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Citigroup lowered Target from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. BMO Capital Markets dropped their price target on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Finally, Truist Financial increased their price objective on shares of Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $160.30.

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.