Target Corporation (NYSE:TGT) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its stake in Target Corporation (NYSE:TGT - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,418 shares of the retailer's stock after buying an additional 5,941 shares during the period. Crossmark Global Holdings Inc.'s holdings in Target were worth $8,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. Hopwood Financial Services Inc. bought a new position in shares of Target during the 4th quarter valued at $29,000. Bernard Wealth Management Corp. bought a new position in shares of Target during the 4th quarter valued at $29,000. Legacy Investment Solutions LLC lifted its holdings in shares of 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 buying an additional 85 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Target in the 4th quarter worth $36,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Target in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 79.73% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TGT. Evercore ISI cut their price target on Target from $130.00 to $120.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Robert W. Baird set a $100.00 price target on Target in a research note on Thursday, May 22nd. Stifel Nicolaus cut their price target on Target from $130.00 to $120.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Barclays initiated coverage on Target in a research report on Thursday, May 22nd. They set an "equal weight" rating for the company. Finally, Bank of America lowered Target from a "buy" rating to a "neutral" rating and cut their price objective for the company from $145.00 to $105.00 in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $116.70.

Target Stock Performance

Shares of NYSE:TGT traded up $0.41 during midday trading on Tuesday, hitting $102.01. The stock had a trading volume of 6,099,063 shares, compared to its average volume of 6,258,371. The company has a market capitalization of $46.35 billion, a PE ratio of 11.21, a P/E/G ratio of 2.98 and a beta of 1.22. The stock has a 50 day moving average price of $97.15 and a two-hundred day moving average price of $111.28. 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.

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

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders 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 yield of 4.39%. Target's dividend payout ratio is currently 49.23%.

Insider Activity at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company's stock.

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.