Crestwood Advisors Group LLC Has $1.76 Million Position in Target Co. (NYSE:TGT)

Crestwood Advisors Group LLC increased its position in Target Co. (NYSE:TGT) by 11.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,267 shares of the retailer’s stock after acquiring an additional 1,114 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Target were worth $1,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Triad Wealth Partners LLC acquired a new position in shares of Target in the second quarter valued at approximately $25,000. Slocum Gordon & Co LLP acquired a new stake in Target during the 2nd quarter valued at approximately $28,000. Hobbs Group Advisors LLC acquired a new stake in Target during the 2nd quarter valued at approximately $31,000. Washington Trust Advisors Inc. increased its position in Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Finally, Wolff Wiese Magana LLC increased its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 1,000 shares of Target 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Richard H. Gomez sold 6,348 shares of Target 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TGT. Daiwa America raised shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Stifel Nicolaus increased their target price on shares of Target from $147.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Royal Bank of Canada increased their target price on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 target price on shares of Target in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average target price of $179.47.

Target Price Performance

Shares of NYSE:TGT opened at $151.07 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The stock’s fifty day simple moving average is $152.71 and its two-hundred day simple moving average is $150.99. Target Co. has a 1-year low of $105.23 and a 1-year high of $181.86. The stock has a market cap of $69.59 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings data 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 business had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. During the same period last year, the business earned $1.80 EPS. The business’s revenue was up 1.0% on a year-over-year basis. As a group, analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 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.