Northwest Capital Management Inc Acquires New Holdings in Target Co. (NYSE:TGT)

Northwest Capital Management Inc purchased a new stake in Target Co. (NYSE:TGT – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 513 shares of the retailer’s stock, valued at approximately $68,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC acquired a new position in Target in the 2nd quarter valued at approximately $26,000. Penserra Capital Management LLC acquired a new position in Target in the 4th quarter valued at approximately $35,000. Ogorek Anthony Joseph NY ADV increased its position in Target by 465.3% in the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 277 shares of the retailer’s stock valued at $36,000 after acquiring an additional 228 shares during the period. Ritter Daniher Financial Advisory LLC DE acquired a new position in Target in the 1st quarter valued at approximately $37,000. Finally, Centerpoint Advisors LLC increased its position in Target by 12,050.0% in the 1st quarter. Centerpoint Advisors LLC now owns 243 shares of the retailer’s stock valued at $40,000 after acquiring an additional 241 shares during the period. 78.33% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 3.3 %

TGT opened at $107.25 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.83 and a debt-to-equity ratio of 1.24. The stock has a market cap of $49.51 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.15 and a beta of 1.03. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.70. The company’s 50-day moving average price is $116.08 and its two-hundred day moving average price is $132.46.

Want More Great Investing Ideas?

Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.39. The company had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $25.18 billion. Target had a net margin of 3.12% and a return on equity of 29.43%. Target’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. As a group, equities analysts expect that Target Co. will post 7.58 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, November 14th. Target’s payout ratio is currently 60.44%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TGT shares. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and set a $134.00 price target for the company. in a research report on Tuesday, August 22nd. Truist Financial decreased their price objective on shares of Target from $133.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, October 5th. Roth Mkm reiterated a “neutral” rating and set a $156.00 price objective on shares of Target in a research report on Wednesday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $161.00 price objective on shares of Target in a research report on Thursday, August 17th. Finally, HSBC started coverage on shares of Target in a research report on Friday, September 22nd. They set a “hold” rating and a $140.00 price objective for the company. Seventeen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $157.35.

Get Our Latest Research Report on Target

Insider Activity at Target

In related news, insider Brian C. Cornell sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $130.70, for a total transaction of $3,921,000.00. Following the sale, the insider now directly owns 399,669 shares in the company, valued at approximately $52,236,738.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

About Target

(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.