Target Co. (NYSE:TGT) is Insight Folios Inc’s Largest Position

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Insight Folios Inc trimmed its position in shares of Target Co. (NYSE:TGT) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,096 shares of the retailer’s stock after selling 2,216 shares during the quarter. Target comprises about 4.1% of Insight Folios Inc’s investment portfolio, making the stock its largest holding. Insight Folios Inc’s holdings in Target were worth $4,423,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Fort Pitt Capital Group LLC grew its stake in shares of Target by 1.9% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 241,052 shares of the retailer’s stock worth $28,909,000 after purchasing an additional 4,522 shares during the period. First Trust Advisors LP lifted its position in shares of Target by 1,078.6% during the 2nd quarter. First Trust Advisors LP now owns 1,383,804 shares of the retailer’s stock valued at $165,960,000 after buying an additional 1,266,392 shares in the last quarter. CWM LLC lifted its holdings in Target by 39.5% in the 2nd quarter. CWM LLC now owns 278,582 shares of the retailer’s stock valued at $33,410,000 after purchasing an additional 78,910 shares in the last quarter. Trust Co. of Oklahoma purchased a new position in shares of Target during the 3rd quarter worth $594,000. Finally, Meridian Wealth Management LLC purchased a new position in shares of Target during the 2nd quarter worth $210,000. 80.87% of the stock is owned by hedge funds and other institutional investors.

TGT stock traded down $0.54 during trading on Friday, hitting $164.92. 5,048,946 shares of the company’s stock were exchanged, compared to its average volume of 5,135,482. The business has a 50-day moving average price of $153.59 and a two-hundred day moving average price of $127.60. The stock has a market capitalization of $82.56 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.86 and a beta of 0.87. Target Co. has a 52-week low of $90.17 and a 52-week high of $167.25. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.13.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 19th. The retailer reported $3.38 earnings per share for the quarter, topping the consensus estimate of $1.64 by $1.74. The firm had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $20.11 billion. Target had a return on equity of 30.25% and a net margin of 4.16%. The firm’s revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, equities research analysts anticipate that Target Co. will post 7.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, November 17th. Target’s dividend payout ratio is currently 42.57%.

In other Target news, insider Don H. Liu sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $130.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 75,298 shares in the company, valued at $9,788,740. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Schindele sold 2,404 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $155.00, for a total value of $372,620.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 161,789 shares of company stock valued at $24,624,422. 0.52% of the stock is owned by company insiders.

A number of brokerages recently issued reports on TGT. Cleveland Research raised Target from a “neutral” rating to a “buy” rating in a research report on Friday, June 19th. Morgan Stanley lifted their target price on Target from $135.00 to $165.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. Zacks Investment Research raised Target from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research report on Thursday, August 20th. MKM Partners initiated coverage on Target in a research report on Wednesday, July 29th. They issued a “sell” rating and a $105.00 target price for the company. Finally, Raymond James reaffirmed a “buy” rating and issued a $180.00 target price on shares of Target in a research report on Wednesday, August 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $141.21.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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