Dynamic Advisor Solutions LLC Acquires Shares of 4,182 Target Corporation (NYSE:TGT)

Dynamic Advisor Solutions LLC bought a new stake in shares of Target Corporation (NYSE:TGT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,182 shares of the retailer's stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Horrell Capital Management Inc. increased its stake in shares of Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock valued at $3,603,000 after buying an additional 76 shares during the period. 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 worth $240,000 after acquiring 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 worth $488,000 after acquiring an additional 85 shares in the last quarter. Legacy Investment Solutions LLC increased its position 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 during the period. Finally, Bontempo Ohly Capital Mgmt LLC raised its holdings in shares of Target by 0.3% in 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. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TGT shares. Stifel Nicolaus dropped their price objective on shares of Target from $130.00 to $120.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th. Mizuho lowered their target price on Target from $92.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on Target from $105.00 to $109.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Guggenheim cut their price target on Target from $155.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Finally, BMO Capital Markets decreased their price objective on Target from $100.00 to $95.00 and set a "market perform" rating for the company in a research note on Thursday, May 22nd. One equities research 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $116.70.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the transaction, the insider now directly owns 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 legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by insiders.

Target Stock Performance

NYSE TGT traded up $0.20 during trading hours on Thursday, reaching $95.22. The stock had a trading volume of 6,403,077 shares, compared to its average volume of 6,157,923. Target Corporation has a 52-week low of $87.35 and a 52-week high of $167.40. The stock has a fifty day moving average of $95.56 and a 200 day moving average of $114.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market cap of $43.26 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22.

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 the consensus estimate of $1.65 by ($0.35). The business had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. Target had a net margin of 3.95% and a return on equity of 25.59%. The business's revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Sell-side analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.70%. The ex-dividend date is Wednesday, August 13th. Target's payout ratio is 50.11%.

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.