M&R Capital Management Inc. increases its position in Target Co. (NYSE: TGT)

M&R Capital Management Inc. increased its position in shares of Target Co. (NYSE:TGT – Free Report) by 36.7% during the third quarter, Holdings Channel.com reports. The firm owned 451 shares of the retailer’s stock after purchasing an additional 121 shares during the quarter. Holdings of M&R Capital Management Inc. in Target were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Target by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 44,945,524 shares of the retailer’s stock worth $6,401,142,000 after purchasing an additional 417,818 shares in the last quarter. Legal & General Group Plc raised its stake in 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. boosted its holdings in Target by 11.4% in the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after acquiring an additional 440,307 shares during the period. Clearbridge Investments LLC lifted its position in shares of Target by 17.5% in the first quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock worth $558,898,000 after purchasing an additional 470,647 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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. 79.73% of shares are owned by hedge funds and other institutional investors.

Target trading down 1.2%

NYSE TGT opened at $150.40 on Thursday. The stock’s 50-day moving average is $148.96 and its 200-day moving average is $154.22. The company has a quick ratio of 0.27, a current ratio of 0.90, and a debt-to-equity ratio of 0.95. The firm has a market cap of $69.58 billion, a PE ratio of 16.88, a P/E/G ratio of 2.00 and a beta of 1.24. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86.

Target (NYSE:TGT – Get Free Report ) last announced 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. Target had a net margin of 4.18% and a return on equity of 33.10%. The company had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period in the previous year, the firm posted EPS of $1.80. Target’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts estimate that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $1.12 dividend. The ex-dividend date is Wednesday, November 20. This represents an annualized dividend of $4.48 and a yield of 2.98%. The target’s payout ratio is 50.28%.

Changes in Analyst Ratings

TGT has been the subject of several analyst reports. Truist Financial boosted their price objective on Target from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Piper Sandler started coverage on shares of Target in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. TD Cowen upped their target price on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Finally, UBS Group upped their target price on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. One equities 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 issued a strong buy rating to the stock. Target presently has an average rating of “Moderate Buy” and a consensus price target of $179.69, according to MarketBeat.com.

Get the latest report on TGT

Insider buying and selling at the target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In related news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were 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 directly owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. The disclosure for this sale can be found here. Insiders have sold a total of 52,348 shares of company stock worth $8,290,995 over the last three months. 0.23% of shares are currently owned by company insiders.

About Target

(Free Report)

Target Corporation operates as a general merchandise distributor in the United States. The company offers clothing 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.

Read more

Want to see what other hedge funds own TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Target Co. (NYSE:TGT – Free Report).

Get news and reviews for Target Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Target and related companies with MarketBeat.com’s FREE daily email newsletter.