Poehling Capital Management INC. Grows Stock Holdings in Target Corporation (NYSE:TGT)

Poehling Capital Management INC. lifted its position in shares of Target Corporation (NYSE:TGT - Free Report) by 211.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,638 shares of the retailer's stock after buying an additional 22,149 shares during the quarter. Poehling Capital Management INC.'s holdings in Target were worth $3,406,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Horrell Capital Management Inc. lifted its stake in shares of 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 buying an additional 76 shares in the last quarter. Fiducient Advisors LLC lifted its stake in shares of 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 buying an additional 78 shares in the last quarter. Napatree Capital LLC lifted its stake in shares of Target by 2.4% in the fourth quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock worth $488,000 after buying an additional 85 shares in the last quarter. Legacy Investment Solutions LLC lifted its stake in shares of Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after buying an additional 85 shares in the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC lifted its stake in shares of Target by 0.3% in the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock worth $3,875,000 after buying an additional 85 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 Target stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the transaction, the insider owned 246,453 shares in the company, valued at $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.16% of the company's stock.

Target Trading Up 0.7%

Shares of TGT stock opened at $104.97 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market capitalization of $47.69 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The company has a 50 day moving average price of $97.91 and a 200 day moving average price of $110.24. Target Corporation has a fifty-two week low of $87.35 and a fifty-two week 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). The business had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. Target had a net margin of 3.95% and a return on equity of 25.59%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. Equities research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

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 $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Wednesday, August 13th. Target's dividend payout ratio (DPR) is currently 49.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Truist Financial lifted their target price on shares of Target from $82.00 to $90.00 and gave the stock a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on shares of Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Sanford C. Bernstein downgraded shares of Target from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $97.00 to $82.00 in a research note on Monday, May 12th. Finally, Barclays initiated coverage on shares of Target in a research note on Thursday, May 22nd. They set an "equal weight" rating on the stock. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Target has an average rating of "Hold" and an average price target of $116.70.

About Target

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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