Blackhawk Capital Partners LLC. Takes Position in Target Corporation (NYSE:TGT)

Blackhawk Capital Partners LLC. acquired a new position in shares of Target Corporation (NYSE:TGT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,095 shares of the retailer's stock, valued at approximately $1,262,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Capital World Investors boosted its position in shares of Target by 6.3% during the 4th quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock worth $2,964,565,000 after acquiring an additional 1,306,552 shares in the last quarter. FMR LLC lifted its holdings in shares of Target by 13.6% in the 4th quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after purchasing an additional 1,358,348 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Target by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock valued at $1,332,317,000 after purchasing an additional 470,990 shares during the last quarter. Norges Bank purchased a new stake in shares of Target in the 4th quarter valued at about $757,892,000. Finally, Northern Trust Corp lifted its holdings in shares of Target by 16.3% in the 4th quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock valued at $726,814,000 after purchasing an additional 754,883 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 0.5%

NYSE:TGT traded down $0.48 during mid-day trading on Friday, hitting $104.26. The company had a trading volume of 3,863,821 shares, compared to its average volume of 6,269,118. The business has a fifty day simple moving average of $97.69 and a 200-day simple moving average of $110.78. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. Target Corporation has a 1 year low of $87.35 and a 1 year high of $167.40. The firm has a market capitalization of $47.37 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 3.00 and a beta of 1.22.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data 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 net margin of 3.95% and a return on equity of 25.59%. The company had revenue of $24.20 billion during the quarter, compared to analysts' expectations of $24.54 billion. During the same period last year, the business earned $2.03 earnings per share. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 annualized dividend and a dividend yield of 4.30%. Target's dividend payout ratio is presently 49.23%.

Analysts Set New Price Targets

TGT has been the subject of several research reports. Evercore ISI reduced their target price on Target from $130.00 to $120.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Guggenheim reduced their target price on Target from $155.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Stifel Nicolaus reduced their price objective on Target from $130.00 to $120.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Telsey Advisory Group set a $110.00 price objective on Target and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company cut their target price on Target from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of "Hold" and an average target price of $116.70.

Insider Buying and Selling 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 stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the sale, the insider directly owned 246,453 shares in the company, valued at $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.