Target Corporation (NYSE:TGT) Shares Sold by DDD Partners LLC

DDD Partners LLC cut its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,725 shares of the retailer's stock after selling 5,243 shares during the quarter. Target comprises 2.0% of DDD Partners LLC's investment portfolio, making the stock its 23rd biggest position. DDD Partners LLC's holdings in Target were worth $16,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DSG Capital Advisors LLC boosted its position in Target by 16.1% during the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock worth $16,347,000 after acquiring an additional 21,726 shares during the last quarter. Sierra Summit Advisors LLC boosted its position in Target by 29.0% during the fourth quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock worth $1,940,000 after acquiring an additional 3,231 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Target during the fourth quarter worth about $6,459,000. Viking Fund Management LLC boosted its position in Target by 20.0% during the first quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer's stock worth $6,262,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Correct Capital Wealth Management boosted its position in Target by 44.7% during the first quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer's stock worth $1,415,000 after acquiring an additional 4,189 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Baird R W lowered shares of Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Truist Financial boosted their target price on shares of Target from $82.00 to $90.00 and gave the company a "hold" rating in a report on Thursday, May 22nd. The Goldman Sachs Group decreased 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. Cfra Research lowered shares of Target from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Wedbush reiterated an "outperform" rating on shares of Target in a report on Thursday. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $116.00.

Target Stock Down 0.2%

Shares of NYSE:TGT traded down $0.25 during trading hours on Friday, reaching $103.40. The stock had a trading volume of 5,280,800 shares, compared to its average volume of 6,298,866. Target Corporation has a 1 year low of $87.35 and a 1 year high of $167.40. The firm's 50 day moving average is $98.47 and its 200-day moving average is $109.69. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market capitalization of $46.98 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 2.96 and a beta of 1.22.

Target (NYSE:TGT - Get Free Report) last announced 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 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 company posted $2.03 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Research analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Wednesday, August 13th. Target's dividend payout ratio (DPR) is 49.23%.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the 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 owned 246,453 shares in the company, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently 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.