Personal CFO Solutions LLC Sells 3,305 Shares of Target Corporation (NYSE:TGT)

Personal CFO Solutions LLC lessened its position in Target Corporation (NYSE:TGT - Free Report) by 34.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,202 shares of the retailer's stock after selling 3,305 shares during the period. Personal CFO Solutions LLC's holdings in Target were worth $647,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Horrell Capital Management Inc. raised its holdings in Target by 0.3% in the fourth 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 in the last quarter. Fiducient Advisors LLC raised its holdings in Target by 4.6% in the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after purchasing an additional 78 shares in the last quarter. Napatree Capital LLC increased its holdings in shares of Target by 2.4% during the fourth quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock valued at $488,000 after acquiring an additional 85 shares in the last quarter. Legacy Investment Solutions LLC increased its holdings in shares of Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares in the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC increased its holdings in shares of Target by 0.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock valued at $3,875,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 79.73% of the company's stock.

Target Trading Up 0.4%

NYSE:TGT opened at $102.01 on Wednesday. The firm has a market cap of $46.35 billion, a P/E ratio of 11.21, a PEG ratio of 2.91 and a beta of 1.22. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. The stock's 50 day simple moving average is $97.26 and its 200-day simple moving average is $111.22. Target Corporation has a 12-month low of $87.35 and a 12-month high of $167.40.

Target (NYSE:TGT - Get Free Report) last announced 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). Target had a return on equity of 25.59% and a net margin of 3.95%. The business 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 earned $2.03 EPS. The company's revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Wednesday, August 13th. Target's dividend payout ratio is presently 49.23%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TGT. JPMorgan Chase & Co. upped their price objective on shares of Target from $105.00 to $109.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Bank of America lowered Target from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $145.00 to $105.00 in a research report on Thursday, May 22nd. Mizuho lowered their price objective on Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. Baird R W lowered Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, DA Davidson decreased their target price on Target from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $116.70.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the sale, the insider directly owned 246,453 shares in the company, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Target 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.

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