12,095 Shares in Target Corporation (NYSE:TGT) Purchased by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. purchased a new stake in Target Corporation (NYSE:TGT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,095 shares of the retailer's stock, valued at approximately $1,262,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hopwood Financial Services Inc. bought a new stake in Target during the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. bought a new position in shares of Target in the 4th quarter worth $29,000. Legacy Investment Solutions LLC increased its holdings in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after buying an additional 85 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Target in the 4th quarter worth $36,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Target in the 4th quarter worth $40,000. Institutional investors own 79.73% of the company's stock.

Insider Activity at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider directly owned 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

Target Trading Up 0.3%

TGT traded up $0.29 during trading on Wednesday, hitting $102.30. 1,056,685 shares of the stock traded hands, compared to its average volume of 6,242,318. The firm has a 50-day moving average of $97.26 and a 200 day moving average of $111.22. Target Corporation has a 12-month low of $87.35 and a 12-month high of $167.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $46.48 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 2.91 and a beta of 1.22.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a return on equity of 25.59% and a net margin of 3.95%. The company had revenue of $24.20 billion during the quarter, compared to analysts' expectations of $24.54 billion. During the same period in the prior year, the business posted $2.03 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be given a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 annualized dividend and a dividend yield of 4.38%. Target's dividend payout ratio is 49.23%.

Analyst Ratings Changes

A number of brokerages have recently commented on TGT. Guggenheim decreased their price target on shares of Target from $155.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Morgan Stanley decreased their price target on shares of Target from $160.00 to $112.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Robert W. Baird set a $100.00 price objective on shares of Target in a research note on Thursday, May 22nd. Sanford C. Bernstein cut shares of Target from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $97.00 to $82.00 in a research note on Monday, May 12th. Finally, Baird R W cut shares of Target from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Target has a consensus rating of "Hold" and a consensus target price of $116.70.

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.