Target Co. (NYSE:TGT) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Target Co. (NYSE:TGT - Free Report) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 345,697 shares of the retailer's stock after acquiring an additional 55,555 shares during the period. Janney Montgomery Scott LLC owned approximately 0.08% of Target worth $36,077,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TGT. Horrell Capital Management Inc. grew its holdings in shares of Target by 0.3% during the 4th 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 grew its position in Target by 4.6% in the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock valued at $240,000 after acquiring an additional 78 shares during the period. Napatree Capital LLC increased its position in shares of Target by 2.4% during the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock worth $488,000 after purchasing 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 worth $35,000 after buying an additional 85 shares in the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC increased its holdings in Target by 0.3% during the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock valued at $3,875,000 after purchasing an additional 85 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Piper Sandler set a $94.00 target price on shares of Target and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Baird R W cut shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. KGI Securities set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. Finally, Sanford C. Bernstein cut shares of Target from a "market perform" rating to an "underperform" rating and reduced their price objective for the company from $97.00 to $82.00 in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $116.70.

Target Trading Up 2.1%

NYSE:TGT opened at $97.37 on Tuesday. The company has a market cap of $44.24 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The business has a 50 day moving average price of $95.65 and a two-hundred day moving average price of $114.78. 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 earnings results on Wednesday, May 21st. The retailer reported $1.30 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 business had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same quarter in the previous year, the company posted $2.03 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

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 issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Wednesday, August 13th. Target's payout ratio is 50.11%.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by company insiders.

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.

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