Target Co. (NYSE:TGT) Shares Bought by Mirador Capital Partners LP

Mirador Capital Partners LP grew its holdings in Target Co. (NYSE:TGT - Free Report) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,043 shares of the retailer's stock after acquiring an additional 4,911 shares during the quarter. Mirador Capital Partners LP's holdings in Target were worth $3,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital World Investors grew its holdings in shares of Target by 6.3% during the 4th quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock worth $2,964,565,000 after purchasing an additional 1,306,552 shares in the last quarter. FMR LLC increased its stake in Target by 13.6% in the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after acquiring an additional 1,358,348 shares during the last quarter. Geode Capital Management LLC raised its position in Target by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock valued at $1,332,317,000 after purchasing an additional 470,990 shares in the last quarter. Norges Bank bought a new stake in Target during the fourth quarter worth $757,892,000. Finally, Northern Trust Corp boosted its holdings in shares of Target by 16.3% in the 4th quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock valued at $726,814,000 after purchasing an additional 754,883 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Brian C. Cornell sold 45,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 246,453 shares of the company's stock, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.15% of the company's stock.

Target Stock Up 2.7%

Shares of TGT stock traded up $2.47 on Tuesday, reaching $95.79. 6,384,876 shares of the stock were exchanged, compared to its average volume of 6,034,535. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The company has a market capitalization of $43.52 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 1.94 and a beta of 1.27. The business's 50 day moving average price is $96.00 and its 200 day moving average price is $117.31.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). The firm had revenue of $24.20 billion for the quarter, compared to analysts' expectations of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 EPS. As a group, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were issued a dividend of $1.12 per share. The ex-dividend date was Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.68%. Target's dividend payout ratio is presently 49.23%.

Analyst Ratings Changes

A number of analysts have weighed in on TGT shares. Evercore ISI decreased their target price on shares of Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Telsey Advisory Group set a $110.00 price target on shares of Target and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Barclays began coverage on Target in a research note on Thursday, May 22nd. They issued an "equal weight" rating on the stock. Stifel Nicolaus decreased their target price on Target from $130.00 to $120.00 and set a "hold" rating for the company in a research report on Thursday, March 20th. Finally, Guggenheim lowered their target price on Target from $155.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $116.68.

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.