Czech National Bank Raises Holdings in Target Co. (NYSE:TGT)

Czech National Bank grew its position in shares of Target Co. (NYSE:TGT - Free Report) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,244 shares of the retailer's stock after purchasing an additional 5,349 shares during the period. Czech National Bank's holdings in Target were worth $10,983,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock worth $822,000 after acquiring an additional 3,059 shares during the period. Mediolanum International Funds Ltd increased its position in shares of Target by 142.3% during the fourth quarter. Mediolanum International Funds Ltd now owns 11,524 shares of the retailer's stock worth $1,552,000 after acquiring an additional 6,767 shares during the period. Caprock Group LLC purchased a new stake in shares of Target during the fourth quarter worth $1,305,000. Austin Private Wealth LLC increased its position in shares of Target by 13.3% during the fourth quarter. Austin Private Wealth LLC now owns 2,110 shares of the retailer's stock worth $285,000 after acquiring an additional 248 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Target during the fourth quarter worth $40,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brian C. Cornell sold 45,000 shares of Target 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 completion of the sale, the insider now directly owns 246,453 shares in the company, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Target Stock Performance

TGT traded down $0.46 during trading on Thursday, reaching $93.49. The company's stock had a trading volume of 4,759,471 shares, compared to its average volume of 6,037,027. Target Co. has a 52-week low of $87.35 and a 52-week high of $167.40. The company's fifty day moving average price is $95.38 and its 200-day moving average price is $116.56. The company has a market capitalization of $42.48 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share 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 4.06% and a return on equity of 31.11%. Target's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 EPS. On average, equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.79%. The ex-dividend date was Wednesday, May 14th. Target's payout ratio is 49.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. KGI Securities set a $132.00 target price on Target in a report on Wednesday, March 5th. Roth Capital set a $122.00 target price on Target in a report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on Target from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. The Goldman Sachs Group dropped their price objective on Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Finally, Bank of America lowered Target from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $145.00 to $105.00 in a report on Thursday, May 22nd. One investment 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $116.70.

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.