NBC Securities Inc. boosted its holdings in Target Co. (NYSE:TGT - Free Report) by 208,850.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,179 shares of the retailer's stock after acquiring an additional 4,177 shares during the quarter. NBC Securities Inc.'s holdings in Target were worth $436,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in TGT. Norges Bank acquired a new position in shares of Target in the fourth quarter worth $757,892,000. Raymond James Financial Inc. purchased a new position in Target during the fourth quarter worth approximately $297,122,000. Ameriprise Financial Inc. boosted its holdings in shares of Target by 61.2% in 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 boosted its holdings in shares of Target by 13.6% in 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. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at $182,882,000. Hedge funds and other institutional investors own 79.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Bank of America cut shares of Target from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $145.00 to $105.00 in a research report on Thursday, May 22nd. Mizuho decreased their price objective on shares of Target from $92.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Cfra Research cut shares of Target from a "moderate buy" rating to a "hold" rating in a research report on Thursday, April 17th. Oppenheimer cut their target price on shares of Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, KGI Securities set a $132.00 target price on shares of Target in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $116.70.
View Our Latest Stock Analysis on TGT
Insider Transactions at Target
In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm'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 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by insiders.
Target Stock Performance
Shares of TGT traded up $3.81 during mid-day trading on Friday, hitting $97.33. The company's stock had a trading volume of 7,816,651 shares, compared to its average volume of 6,049,587. Target Co. has a one year low of $87.35 and a one year high of $167.40. The stock's 50-day moving average is $95.24 and its two-hundred day moving average is $116.16. The firm has a market capitalization of $44.22 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.
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). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same period in the prior year, the company posted $2.03 EPS. The firm's quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Target Co. will post 8.69 EPS for the current year.
Target Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Wednesday, May 14th. Target's dividend payout ratio is 49.23%.
About Target
(
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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