Target Corporation (NYSE:TGT) Shares Bought by DSG Capital Advisors LLC

DSG Capital Advisors LLC increased its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 16.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,644 shares of the retailer's stock after purchasing an additional 21,726 shares during the period. Target accounts for 3.3% of DSG Capital Advisors LLC's investment portfolio, making the stock its 8th largest holding. DSG Capital Advisors LLC's holdings in Target were worth $16,347,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock valued at $822,000 after acquiring an additional 3,059 shares during the period. SVB Wealth LLC purchased a new position in shares of Target in the 4th quarter valued at approximately $1,118,000. Fisher Asset Management LLC increased its holdings in shares of Target by 33.2% in the fourth quarter. Fisher Asset Management LLC now owns 6,268 shares of the retailer's stock valued at $847,000 after purchasing an additional 1,561 shares during the period. Cape Investment Advisory Inc. increased its holdings in shares of Target by 182.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 478 shares of the retailer's stock valued at $65,000 after purchasing an additional 309 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Target by 43.5% during the fourth quarter. Jones Financial Companies Lllp now owns 93,828 shares of the retailer's stock worth $12,684,000 after purchasing an additional 28,435 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Price Performance

Shares of TGT traded up $5.21 during mid-day trading on Tuesday, reaching $103.86. 9,949,427 shares of the company's stock were exchanged, compared to its average volume of 6,216,471. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. The company has a 50-day simple moving average of $96.26 and a two-hundred day simple moving average of $112.24. Target Corporation has a 52-week low of $87.35 and a 52-week high of $167.40. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 2.85 and a beta of 1.22.

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 analysts' consensus estimates of $1.65 by ($0.35). The company had revenue of $24.20 billion for 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%. Target's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 EPS. On average, sell-side analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.31%. The ex-dividend date is Wednesday, August 13th. Target's payout ratio is 49.23%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TGT shares. Roth Capital set a $122.00 price objective on shares of Target in a research report on Wednesday, March 5th. Barclays began coverage on shares of Target in a research report on Thursday, May 22nd. They set an "equal weight" rating for the company. Mizuho lowered their target price on shares of Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen cut shares of Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group reduced their price objective on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $116.70.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 246,453 shares of the company's stock, valued at $23,703,849.54. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.