Target Corporation (NYSE:TGT) Position Decreased by Keybank National Association OH

Keybank National Association OH decreased its holdings in Target Corporation (NYSE:TGT - Free Report) by 2.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 182,322 shares of the retailer's stock after selling 4,467 shares during the period. Keybank National Association OH's holdings in Target were worth $19,027,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Nicholas Company Inc. raised its stake in shares of Target by 20.5% in the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock valued at $7,544,000 after acquiring an additional 9,485 shares during the period. DSG Capital Advisors LLC lifted its position in Target by 16.1% during the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock worth $16,347,000 after acquiring an additional 21,726 shares in the last quarter. River Road Asset Management LLC boosted its holdings in Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock worth $31,699,000 after acquiring an additional 138,751 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in Target in the fourth quarter valued at approximately $6,459,000. Finally, Sierra Summit Advisors LLC grew its position in Target by 29.0% in the fourth quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock valued at $1,940,000 after acquiring an additional 3,231 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction that occurred 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 owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several analyst reports. BMO Capital Markets decreased their target price on shares of Target from $100.00 to $95.00 and set a "market perform" rating for the company in a research note on Thursday, May 22nd. Royal Bank Of Canada decreased their price objective on shares of Target from $112.00 to $103.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen lowered Target from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Baird R W downgraded Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Sanford C. Bernstein lowered Target from a "market perform" rating to an "underperform" rating and lowered their price objective for the company from $97.00 to $82.00 in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $116.70.

Target Stock Performance

TGT stock traded down $1.29 on Friday, reaching $104.17. The company's stock had a trading volume of 3,535,290 shares, compared to its average volume of 6,250,547. Target Corporation has a 52 week low of $87.35 and a 52 week high of $167.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market capitalization of $47.33 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 3.02 and a beta of 1.22. The firm has a fifty day moving average of $96.90 and a two-hundred day moving average of $111.94.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 25.59% and a net margin of 3.95%. The company's revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 EPS. As a group, analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.30%. Target's dividend payout ratio (DPR) is 49.23%.

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.