Target Corporation (NYSE:TGT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,229 shares of the retailer's stock after selling 2,529 shares during the period. Nisa Investment Advisors LLC's holdings in Target were worth $17,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TGT. Horrell Capital Management Inc. increased its stake in Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock valued at $3,603,000 after buying an additional 76 shares during the period. Fiducient Advisors LLC increased its stake in shares of Target by 4.6% during the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after purchasing an additional 78 shares during the last quarter. Napatree Capital LLC increased its stake 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 during the last quarter. Legacy Investment Solutions LLC increased its stake in shares of Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after purchasing an additional 85 shares during the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC increased its stake in shares of Target by 0.3% during the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock worth $3,875,000 after purchasing an additional 85 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the topic of a number of research analyst reports. Evercore ISI lowered their target price on shares of Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Mizuho reduced their price target on shares of Target from $92.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. The Goldman Sachs Group reduced their price target on shares of Target from $101.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Baird R W downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Cfra Research downgraded shares of Target from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $116.70.

Target Price Performance

Shares of TGT opened at $102.64 on Thursday. 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 company's fifty day simple moving average is $97.37 and its 200 day simple moving average is $111.16. Target Corporation has a 1-year low of $87.35 and a 1-year high of $167.40. The company has a market cap of $46.64 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 2.92 and a beta of 1.22.

Target (NYSE:TGT - Get Free Report) last released its quarterly 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 net margin of 3.95% and a return on equity of 25.59%. The business had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. During the same quarter last year, the company posted $2.03 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. On average, research analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.36%. Target's dividend payout ratio is 49.23%.

Insider Activity at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the 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 completion of the transaction, the insider owned 246,453 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

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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