Fragasso Financial Advisors Inc Sells 17,341 Shares of Target Co. (NYSE:TGT)

Fragasso Financial Advisors Inc trimmed its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 88.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,312 shares of the retailer's stock after selling 17,341 shares during the period. Fragasso Financial Advisors Inc's holdings in Target were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. raised its stake in shares of Target by 0.3% in 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 raised its stake in shares of Target by 4.6% in 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. CENTRAL TRUST Co raised its stake in shares of Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer's stock valued at $2,513,000 after purchasing an additional 82 shares in the last quarter. Napatree Capital LLC raised its stake in shares of Target by 2.4% in 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. Finally, Legacy Investment Solutions LLC raised its stake in shares of Target by 47.5% in 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. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Price Performance

Shares of Target stock traded down $1.75 on Wednesday, hitting $94.03. The company had a trading volume of 4,410,087 shares, compared to its average volume of 6,035,537. The business has a 50-day simple moving average of $95.79 and a 200-day simple moving average of $117.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $42.72 billion, a PE ratio of 9.97, a PEG ratio of 1.94 and a beta of 1.22. Target Co. has a 52 week low of $87.35 and a 52 week high of $167.40.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same period in the prior year, the company earned $2.03 earnings per share. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. Research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were given a $1.12 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.76%. Target's payout ratio is 49.23%.

Insiders Place Their Bets

In other news, insider Brian C. Cornell sold 45,000 shares of the 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 now owns 246,453 shares in the company, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGT. Stifel Nicolaus cut their target price 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. DA Davidson lowered their price objective on shares of Target from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Roth Capital set a $122.00 price objective on shares of Target in a research report on Wednesday, March 5th. Evercore ISI lowered their price objective on shares of Target from $130.00 to $120.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, Baird R W downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. One 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. According to data from MarketBeat.com, Target has a consensus rating of "Hold" and a consensus 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.