Target Corporation (NYSE:TGT) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,220 shares of the retailer's stock after buying an additional 14,319 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Target were worth $19,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its stake in shares of Target by 1.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 74,764 shares of the retailer's stock valued at $7,802,000 after acquiring an additional 768 shares during the last quarter. Chapin Davis Inc. boosted its stake in Target by 64.7% during the 1st quarter. Chapin Davis Inc. now owns 8,507 shares of the retailer's stock valued at $888,000 after purchasing an additional 3,342 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Target by 202.7% in the 1st quarter. Continuum Advisory LLC now owns 557 shares of the retailer's stock worth $58,000 after buying an additional 373 shares during the last quarter. Shariaportfolio Inc. boosted its stake in shares of Target by 27.7% in the 1st quarter. Shariaportfolio Inc. now owns 17,929 shares of the retailer's stock worth $1,871,000 after buying an additional 3,892 shares during the last quarter. Finally, Park Capital Management LLC WI boosted its stake in shares of Target by 1.9% in the 1st quarter. Park Capital Management LLC WI now owns 7,140 shares of the retailer's stock worth $745,000 after buying an additional 131 shares during the last quarter. Institutional investors own 79.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TGT shares. Telsey Advisory Group set a $110.00 price objective on Target and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Roth Mkm reaffirmed a "neutral" rating and set a $122.00 price target (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. Royal Bank Of Canada reduced their price objective on shares of Target from $112.00 to $103.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. KGI Securities set a $132.00 price target on shares of Target in a report on Wednesday, March 5th. Finally, Truist Financial lifted their price target on shares of Target from $82.00 to $90.00 and gave the stock a "hold" rating in a report on Thursday, May 22nd. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.70.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

Target Stock Up 1.8%

NYSE TGT traded up $1.78 during trading hours on Friday, reaching $99.38. 6,375,336 shares of the company traded hands, compared to its average volume of 6,232,742. Target Corporation has a 12 month low of $87.35 and a 12 month high of $167.40. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $45.16 billion, a PE ratio of 10.92, a PEG ratio of 2.81 and a beta of 1.22. The company has a 50 day moving average of $96.04 and a two-hundred day moving average of $113.06.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a net margin of 3.95% and a return on equity of 25.59%. The company had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. During the same quarter last year, the company earned $2.03 earnings per share. The company's revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be given a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.51%. Target's payout ratio is currently 49.23%.

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.