Calton & Associates Inc. Makes New $944,000 Investment in Target Corporation (NYSE:TGT)

Calton & Associates Inc. bought a new stake in Target Corporation (NYSE:TGT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,049 shares of the retailer's stock, valued at approximately $944,000.

A number of other hedge funds have also made changes to their positions in the business. Horrell Capital Management Inc. grew its holdings in Target by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock valued at $3,603,000 after purchasing an additional 76 shares in the last quarter. Fiducient Advisors LLC grew its holdings in Target by 4.6% during the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock valued at $240,000 after purchasing an additional 78 shares in the last quarter. Napatree Capital LLC grew its holdings in Target by 2.4% during the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock valued at $488,000 after purchasing an additional 85 shares in the last quarter. Legacy Investment Solutions LLC grew its holdings in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC grew its holdings in Target by 0.3% during the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock valued at $3,875,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the transaction, the insider directly owned 246,453 shares of the company's stock, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TGT. Robert W. Baird set a $100.00 price target on shares of Target in a report on Thursday, May 22nd. Piper Sandler set a $94.00 price objective on shares of Target and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Mizuho decreased their price objective on shares of Target from $92.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. The Goldman Sachs Group decreased their price objective on shares of Target from $101.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Finally, Citigroup decreased their price objective on shares of Target from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, twenty-four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Target has an average rating of "Hold" and an average target price of $115.65.

Target Trading Up 4.7%

Shares of Target stock traded up $4.76 during trading on Tuesday, hitting $106.47. The stock had a trading volume of 3,624,056 shares, compared to its average volume of 6,294,532. The stock has a 50 day simple moving average of $98.47 and a 200 day simple moving average of $109.31. The company has a market capitalization of $48.37 billion, a PE ratio of 11.69, a P/E/G ratio of 2.96 and a beta of 1.22. The company has a quick ratio of 0.25, a current ratio of 0.94 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.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Wednesday, August 13th. Target's payout ratio is presently 49.23%.

Target Company 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.