MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its place in Goal Co. (NYSE:TGT – Free Report) by 82.8% within the 2nd quarter, in keeping with its most up-to-date 13F submitting with the Securities and Trade Fee. The institutional investor owned 4,206 shares of the retailer’s inventory after promoting 20,233 shares through the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Goal had been value $623,000 on the finish of the newest quarter.
Quite a lot of different institutional buyers and hedge funds additionally not too long ago added to or decreased their stakes in TGT. Triad Wealth Companions LLC purchased a brand new stake in shares of Goal through the 2nd quarter valued at $25,000. Ables Iannone Moore & Associates Inc. bought a brand new place in shares of Goal within the fourth quarter valued at about $28,000. Personal Wealth Administration Group LLC purchased a brand new place in shares of Goal within the fourth quarter value about $29,000. Scarborough Advisors LLC bought a brand new stake in shares of Goal through the fourth quarter value about $29,000. Lastly, Godsey & Gibb Inc. raised its stake in Goal by 148.6% through the 1st quarter. Godsey & Gibb Inc. now owns 174 shares of the retailer’s inventory valued at $31,000 after buying a further 104 shares through the interval. Institutional buyers personal 79.73% of the corporate’s inventory.
Goal Inventory Efficiency
TGT inventory opened at $153.62 on Monday. The agency has a 50-day easy shifting common of $147.18 and a two-hundred day easy shifting common of $155.02. The corporate has a debt-to-equity ratio of 0.95, a fast ratio of 0.27 and a present ratio of 0.90. Goal Co. has a one yr low of $102.93 and a one yr excessive of $181.86. The agency has a market cap of $71.07 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.99 and a beta of 1.19.
Goal (NYSE:TGT – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, August twenty first. The retailer reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. Goal had a return on fairness of 33.10% and a internet margin of 4.18%. The corporate had income of $25.02 billion through the quarter, in comparison with analysts’ expectations of $25.19 billion. Throughout the identical quarter within the earlier yr, the agency posted $1.80 EPS. The agency’s income was up 1.0% in comparison with the identical quarter final yr. On common, equities analysts forecast that Goal Co. will put up 9.49 EPS for the present fiscal yr.
Goal Will increase Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which can be paid on Tuesday, September tenth. Stockholders of document on Wednesday, August twenty first can be paid a dividend of $1.12 per share. It is a enhance from Goal’s earlier quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August twenty first. This represents a $4.48 dividend on an annualized foundation and a dividend yield of two.92%. Goal’s dividend payout ratio (DPR) is presently 50.28%.
Analyst Scores Adjustments
A number of analysis corporations have not too long ago commented on TGT. Oppenheimer lowered their goal worth on shares of Goal from $200.00 to $180.00 and set an “outperform” ranking on the inventory in a report on Wednesday, August 14th. BMO Capital Markets minimize their worth goal on Goal from $170.00 to $155.00 and set a “market carry out” ranking for the corporate in a analysis report on Thursday, Could twenty third. Deutsche Financial institution Aktiengesellschaft dropped their worth goal on Goal from $209.00 to $190.00 and set a “purchase” ranking for the corporate in a analysis be aware on Thursday, Could twenty third. TD Cowen boosted their worth goal on shares of Goal from $165.00 to $180.00 and gave the inventory a “maintain” ranking in a analysis report on Thursday, August twenty second. Lastly, Citigroup elevated their worth goal on shares of Goal from $180.00 to $188.00 and gave the corporate a “purchase” ranking in a analysis report on Thursday, August twenty second. One analyst has rated the inventory with a promote ranking, eight have issued a maintain ranking, eighteen have issued a purchase ranking and two have issued a robust purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat, the inventory at present has a consensus ranking of “Average Purchase” and a consensus worth goal of $179.68.
Learn Our Newest Inventory Evaluation on TGT
Insider Exercise
In different Goal information, insider Brian C. Cornell bought 45,000 shares of the corporate’s inventory in a transaction dated Tuesday, August twenty seventh. The shares had been bought at a mean worth of $158.67, for a complete worth of $7,140,150.00. Following the completion of the transaction, the insider now owns 303,843 shares within the firm, valued at $48,210,768.81. The sale was disclosed in a authorized submitting with the SEC, which is on the market at this hyperlink. Insiders personal 0.23% of the corporate’s inventory.
About Goal
Goal Company operates as a basic merchandise retailer in the US. The corporate gives attire for ladies, males, boys, women, toddlers, and infants and newborns, in addition to jewellery, equipment, and sneakers; and wonder and private care, child gear, cleansing, paper merchandise, and pet provides.
Beneficial Tales
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