Envestnet Portfolio Solutions Inc. Has $6.68 Million Stake in Target Corporation (NYSE:TGT)

Envestnet Portfolio Solutions Inc. decreased its position in Target Corporation (NYSE:TGT - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,044 shares of the retailer's stock after selling 40,286 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Target were worth $6,684,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Horrell Capital Management Inc. raised its position in shares of Target by 0.3% in the fourth 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 during the period. Fiducient Advisors LLC lifted its position 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 during the last quarter. Napatree Capital LLC boosted its holdings in Target by 2.4% during the fourth quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock valued at $488,000 after acquiring an additional 85 shares during the period. Legacy Investment Solutions LLC grew its position in shares of Target by 47.5% in the fourth 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 last quarter. Finally, Bontempo Ohly Capital Mgmt LLC increased its stake in shares of Target by 0.3% in the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock worth $3,875,000 after purchasing an additional 85 shares during the period. Institutional investors own 79.73% of the company's stock.

Target Price Performance

Shares of TGT traded up $0.56 during trading hours on Friday, hitting $95.68. The stock had a trading volume of 9,617,603 shares, compared to its average volume of 6,188,032. The company's fifty day moving average is $95.67 and its two-hundred day moving average is $113.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25. Target Corporation has a 52 week low of $87.35 and a 52 week high of $167.40. The stock has a market capitalization of $43.47 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 2.75 and a beta of 1.22.

Target (NYSE:TGT - Get Free Report) last posted 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). Target had a return on equity of 25.59% and a net margin of 3.95%. The firm had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. During the same period in the previous year, the company posted $2.03 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

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 $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Wednesday, August 13th. Target's dividend payout ratio is currently 49.23%.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction 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 transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on TGT shares. Cfra Research downgraded Target from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 17th. Jefferies Financial Group reduced their price objective on Target from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Guggenheim lowered their price objective on shares of Target from $155.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. BMO Capital Markets dropped their target price on shares of Target from $100.00 to $95.00 and set a "market perform" rating on the stock in a research report on Thursday, May 22nd. Finally, Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $116.70.

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.