Impact Partnership Wealth LLC purchased a new stake in shares of Target Corporation (NYSE:TGT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 5,755 shares of the retailer's stock, valued at approximately $601,000.
A number of other institutional investors have also recently added to or reduced their stakes in TGT. Bernard Wealth Management Corp. acquired a new position in shares of Target during the 4th quarter valued at $29,000. Legacy Investment Solutions LLC lifted its position 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 acquiring an additional 85 shares during the period. Heck Capital Advisors LLC acquired a new position in Target during the fourth quarter worth $40,000. Atwood & Palmer Inc. raised its holdings in Target by 951.4% during the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer's stock worth $41,000 after buying an additional 352 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in Target during the first quarter worth $43,000. 79.73% of the stock is owned by institutional investors.
Target Trading Down 0.2%
TGT stock traded down $0.25 during midday trading on Friday, reaching $103.40. The company's stock had a trading volume of 5,280,800 shares, compared to its average volume of 6,311,661. The firm has a market capitalization of $46.98 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 2.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.94. Target Corporation has a 1 year low of $87.35 and a 1 year high of $167.40. The stock has a fifty day simple moving average of $98.47 and a two-hundred day simple moving average of $109.51.
Target (NYSE:TGT - Get Free Report) last issued 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). Target had a net margin of 3.95% and a return on equity of 25.59%. The company had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. During the same period in the previous year, the business earned $2.03 EPS. Target's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts predict that Target Corporation will post 8.69 EPS for the current year.
Target Dividend Announcement
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 4.33%. The ex-dividend date is Wednesday, August 13th. Target's dividend payout ratio is presently 50.11%.
Wall Street Analyst Weigh In
TGT has been the subject of several research reports. Piper Sandler set a $94.00 price target on shares of Target and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Robert W. Baird set a $100.00 price target on shares of Target in a report on Thursday, May 22nd. Finally, Morgan Stanley lowered their price objective on Target from $160.00 to $112.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $116.00.
Read Our Latest Research Report on Target
Insider Activity at Target
In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Wednesday, May 28th. The stock was 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 owned 246,453 shares of the company's stock, valued at $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 through this hyperlink. 0.16% of the stock is owned by company insiders.
Target Company Profile
(
Free Report)
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.
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