Schwarz Dygos Wheeler Investment Advisors LLC Acquires 37,864 Shares of Target Corporation (NYSE:TGT)

Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in Target Corporation (NYSE:TGT - Free Report) by 298.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,566 shares of the retailer's stock after acquiring an additional 37,864 shares during the period. Target comprises 1.3% of Schwarz Dygos Wheeler Investment Advisors LLC's holdings, making the stock its 15th biggest holding. Schwarz Dygos Wheeler Investment Advisors LLC's holdings in Target were worth $5,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DSG Capital Advisors LLC boosted its stake in shares of Target by 16.1% during the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock valued at $16,347,000 after purchasing an additional 21,726 shares in the last quarter. Sierra Summit Advisors LLC lifted its stake in shares of Target by 29.0% in 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 period. Mountain Hill Investment Partners Corp. acquired a new position in shares of Target in the fourth quarter worth approximately $6,459,000. Viking Fund Management LLC lifted its stake in shares of Target by 20.0% in 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 period. Finally, Correct Capital Wealth Management lifted its stake in shares of Target by 44.7% in 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 period. Institutional investors own 79.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TGT shares. Evercore ISI cut their price objective on Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Robert W. Baird set a $100.00 price objective on Target in a research note on Thursday, May 22nd. Wedbush reaffirmed an "outperform" rating on shares of Target in a research note on Thursday. Stifel Nicolaus dropped their price target on Target from $130.00 to $120.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th. Finally, Mizuho dropped their price target on Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Target currently has an average rating of "Hold" and a consensus target price of $116.00.

Target Stock Down 0.6%

Target stock traded down $0.61 during trading on Friday, hitting $103.04. 3,472,764 shares of the company were exchanged, compared to its average volume of 6,278,996. The business's 50 day moving average is $98.33 and its 200 day moving average is $109.90. Target Corporation has a 52 week low of $87.35 and a 52 week high of $167.40. The company has a market capitalization of $46.82 billion, a P/E ratio of 11.32, a PEG ratio of 2.90 and a beta of 1.22. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $24.54 billion. During the same quarter last year, the company posted $2.03 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. Analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a yield of 4.35%. Target's dividend payout ratio (DPR) is presently 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 on Wednesday, May 28th. The stock was 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 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 through the SEC website. 0.16% of the stock is owned by company insiders.

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.