Siemens Fonds Invest GmbH Has $279,000 Stock Position in Target Co. (NYSE:TGT)

Siemens Fonds Invest GmbH reduced its stake in shares of Target Co. (NYSE:TGT - Free Report) by 61.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,209 shares of the retailer's stock after selling 3,500 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Target were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock valued at $822,000 after buying an additional 3,059 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in Target by 50.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,547 shares of the retailer's stock valued at $344,000 after acquiring an additional 858 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Target by 14.9% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,386 shares of the retailer's stock valued at $458,000 after acquiring an additional 440 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Target by 18.1% in the 4th quarter. Blue Trust Inc. now owns 3,984 shares of the retailer's stock valued at $539,000 after buying an additional 610 shares during the period. Finally, SteelPeak Wealth LLC grew its stake in shares of Target by 3.2% in the 4th quarter. SteelPeak Wealth LLC now owns 3,317 shares of the retailer's stock valued at $448,000 after buying an additional 103 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Insider Activity at Target

In other 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 transaction of $4,328,100.00. Following the completion of the sale, the insider now directly owns 246,453 shares in the company, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Target Price Performance

Target stock traded down $0.90 during midday trading on Friday, reaching $93.97. 7,867,613 shares of the stock traded hands, compared to its average volume of 6,034,261. The stock has a market cap of $42.70 billion, a P/E ratio of 9.97, a PEG ratio of 1.94 and a beta of 1.27. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. The stock's fifty day moving average is $96.26 and its 200-day moving average is $118.22. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

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 firm had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 earnings per share. As a group, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's payout ratio is currently 49.23%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of analyst reports. Bank of America lowered shares of Target from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $145.00 to $105.00 in a report on Thursday, May 22nd. The Goldman Sachs Group lowered their target price on shares of Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Morgan Stanley decreased their price objective on shares of Target from $160.00 to $112.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. BMO Capital Markets cut their price objective on Target from $100.00 to $95.00 and set a "market perform" rating for the company in a research report on Thursday, May 22nd. Finally, Robert W. Baird set a $100.00 price objective on shares of Target in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $116.68.

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.