M. Kulyk & Associates LLC Boosts Stock Holdings in Target Corporation (NYSE:TGT)

M. Kulyk & Associates LLC increased its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,514 shares of the retailer's stock after acquiring an additional 7,731 shares during the period. M. Kulyk & Associates LLC's holdings in Target were worth $4,541,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TGT. Norges Bank acquired a new stake in shares of Target during the 4th quarter valued at about $757,892,000. Ameriprise Financial Inc. lifted its holdings in Target by 61.2% during the 4th quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer's stock valued at $536,407,000 after purchasing an additional 1,506,275 shares during the last quarter. FMR LLC lifted its holdings in Target by 13.6% during the 4th quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after purchasing an additional 1,358,348 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in Target during the 4th quarter valued at about $182,882,000. Finally, Capital World Investors lifted its holdings in Target by 6.3% during the 4th quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock valued at $2,964,565,000 after purchasing an additional 1,306,552 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Target

In other 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 completion of the sale, the insider owned 246,453 shares of the company's stock, valued at $23,703,849.54. This trade represents a 15.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by company insiders.

Target Trading Down 1.4%

NYSE TGT traded down $1.47 during trading hours on Thursday, reaching $105.96. The company's stock had a trading volume of 5,404,646 shares, compared to its average volume of 7,099,764. The firm has a fifty day simple moving average of $98.89 and a 200-day simple moving average of $109.05. The stock has a market cap of $48.14 billion, a P/E ratio of 11.64, a P/E/G ratio of 3.05 and a beta of 1.22. 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.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data 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 during 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 quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 EPS. Equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company 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 dividend of $1.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.23%. Target's payout ratio is 49.23%.

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Piper Sandler set a $94.00 price target on shares of Target and gave the company a "neutral" rating in a report on Thursday, May 22nd. Guggenheim cut their price target on shares of Target from $155.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Citigroup cut their price target on shares of Target from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Baird R W downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Morgan Stanley dropped their target price on shares of Target from $160.00 to $112.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Target currently has an average rating of "Hold" and a consensus target price of $115.65.

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.