Target Corporation (NYSE:TGT) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC decreased its holdings in Target Corporation (NYSE:TGT - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,729 shares of the retailer's stock after selling 5,753 shares during the quarter. Kintegral Advisory LLC's holdings in Target were worth $1,224,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TGT. Brighton Jones LLC grew its position in Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock worth $822,000 after buying an additional 3,059 shares during the last quarter. Fisher Asset Management LLC raised its stake in Target by 33.2% during the 4th 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. Proficio Capital Partners LLC lifted its holdings in shares of Target by 74.3% in the fourth quarter. Proficio Capital Partners LLC now owns 4,480 shares of the retailer's stock valued at $606,000 after purchasing an additional 1,910 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Target in the fourth quarter valued at $297,122,000. Finally, Welch & Forbes LLC lifted its holdings in shares of Target by 9.1% in the fourth quarter. Welch & Forbes LLC now owns 8,176 shares of the retailer's stock valued at $1,105,000 after purchasing an additional 685 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Down 1.2%

TGT opened at $104.17 on Friday. The business has a 50 day moving average price of $97.05 and a 200 day moving average price of $111.76. Target Corporation has a twelve month low of $87.35 and a twelve month high of $167.40. 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 firm has a market cap of $47.33 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a return on equity of 25.59% and a net margin of 3.95%. The company had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. During the same quarter last year, the firm posted $2.03 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts forecast that Target Corporation will post 8.69 EPS for the current 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 issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, August 13th. Target's dividend payout ratio (DPR) is 49.23%.

Insider Transactions at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company'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 completion of the sale, the insider directly owned 246,453 shares in the company, valued at $23,703,849.54. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on TGT shares. Barclays started coverage on Target in a report on Thursday, May 22nd. They issued an "equal weight" rating for the company. Piper Sandler set a $94.00 target price on Target and gave the company a "neutral" rating in a report on Thursday, May 22nd. Telsey Advisory Group set a $110.00 target price on Target and gave the company a "market perform" rating in a report on Thursday, May 22nd. Wells Fargo & Company reduced their target price on Target from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Finally, Sanford C. Bernstein lowered Target from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $97.00 to $82.00 in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $116.70.

About Target

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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