1 week Ago By ABMN Staff
Varma Mutual Pension Insurance Co lowered its position in shares of Target Co. ( NYSE:TGT – Free Report ) by 10.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 92,642 shares of the retailer’s stock after selling 11,358 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Target were worth $13,715,000 at the end of the most recent reporting period. Other hedge funds have also recently added to or reduced their stakes in the company.
Triad Wealth Partners LLC bought a new stake in Target during the second quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in Target during the fourth quarter worth about $28,000.
Slocum Gordon & Co LLP bought a new stake in Target during the second quarter worth about $28,000. Private Wealth Management Group LLC bought a new stake in Target during the fourth quarter worth about $29,000. Finally, Scarborough Advisors LLC bought a new stake in Target during the fourth quarter worth about $29,000.
Institutional investors own 79.73% of the company’s stock. Target Stock Performance Target stock opened at $151.
28 on Monday. The stock’s 50 day simple moving average is $147.63 and its two-hundred day simple moving average is $155.
14. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.
27 and a current ratio of 0.90. The stock has a market cap of $69.
69 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.95 and a beta of 1.
24. Target Co. has a fifty-two week low of $102.
93 and a fifty-two week high of $181.86. Target Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th.
Stockholders of record on Wednesday, August 21st will be given a $1.12 dividend. This is a boost from Target’s previous quarterly dividend of $1.
10. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.
96%. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s payout ratio is currently 50.
28%. Insider Transactions at Target In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th.
The stock was 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 of the company’s stock, valued at approximately $48,210,768.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website .
In other news, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction that occurred 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 directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.
88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, insider Brian C.
Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.
00. Following the completion of the sale, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81.
The disclosure for this sale can be found here . Insiders own 0.23% of the company’s stock.
Wall Street Analysts Forecast Growth Several equities research analysts have issued reports on TGT shares. Evercore ISI lifted their price objective on Target from $158.00 to $160.
00 and gave the stock an “inline” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Target from $209.00 to $190.
00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Piper Sandler started coverage on Target in a report on Wednesday, July 10th. They issued a “neutral” rating and a $156.
00 price objective on the stock. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd.
Finally, Bank of America lifted their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd.
One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $179.
68. Read Our Latest Analysis on Target Target Company Profile ( Free Report ) 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.
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