Target Co. (NYSE:TGT) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its stake in Target Co. (NYSE:TGT - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 336,568 shares of the retailer's stock after buying an additional 13,683 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.07% of Target worth $35,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bernard Wealth Management Corp. purchased a new position in shares of Target during the fourth quarter valued at approximately $30,000. Hopwood Financial Services Inc. purchased a new position in shares of Target during the fourth quarter valued at approximately $29,000. Legacy Investment Solutions LLC lifted 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 purchasing an additional 85 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Target during the fourth quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Target during the fourth quarter valued at approximately $40,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction 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. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Target Stock Up 1.1%

TGT stock traded up $1.09 during trading on Thursday, hitting $99.20. 5,315,738 shares of the company's stock traded hands, compared to its average volume of 6,110,448. The business has a fifty day simple moving average of $95.25 and a two-hundred day simple moving average of $115.66. 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 Co. has a 1 year low of $87.35 and a 1 year high of $167.40. The firm has a market capitalization of $45.07 billion, a P/E ratio of 10.52, a PEG ratio of 1.94 and a beta of 1.22.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.52%. Target's payout ratio is currently 49.23%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several analyst reports. KGI Securities set a $132.00 price target on shares of Target in a research report on Wednesday, March 5th. Roth Capital set a $122.00 price target on shares of Target in a research report on Wednesday, March 5th. Citigroup reduced their price target on shares of Target from $97.00 to $94.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Piper Sandler set a $94.00 price target on shares of Target and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Target from $105.00 to $109.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $116.70.

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.