KBC Group NV Has $36.51 Million Stock Position in Target Corporation (NYSE:TGT)

KBC Group NV trimmed its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 349,824 shares of the retailer's stock after selling 14,557 shares during the period. KBC Group NV owned approximately 0.08% of Target worth $36,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TGT. Horrell Capital Management Inc. increased its position in Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock worth $3,603,000 after purchasing an additional 76 shares during the last quarter. Fiducient Advisors LLC increased its position in Target by 4.6% in the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after purchasing an additional 78 shares during the last quarter. Napatree Capital LLC increased its position in Target by 2.4% in the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock worth $488,000 after purchasing an additional 85 shares during the last quarter. Legacy Investment Solutions LLC increased its position in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after purchasing an additional 85 shares during the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC increased its position in Target by 0.3% in the 4th 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 last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the firm'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 completion of the sale, the insider now directly owns 246,453 shares in the company, valued at $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. Wall Street Zen lowered Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Bank of America lowered Target from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $145.00 to $105.00 in a report on Thursday, May 22nd. Stifel Nicolaus lowered their price objective on Target from $130.00 to $120.00 and set a "hold" rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company lowered 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. Finally, Royal Bank Of Canada decreased their target price on Target from $112.00 to $103.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $116.70.

Target Price Performance

Shares of TGT opened at $99.38 on Monday. The firm's 50-day simple moving average is $96.16 and its two-hundred day simple moving average is $112.49. The stock has a market cap of $45.16 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 2.85 and a beta of 1.22. Target Corporation has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. 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 (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). The company had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. Target had a net margin of 3.95% and a return on equity of 25.59%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $2.03 EPS. Analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Wednesday, August 13th. Target's payout ratio is 49.23%.

About Target

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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