Transcend Capital Advisors LLC Has $417,000 Stock Holdings in Target Corporation (NYSE:TGT)

Transcend Capital Advisors LLC reduced its position in shares of Target Corporation (NYSE:TGT - Free Report) by 55.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,998 shares of the retailer's stock after selling 4,946 shares during the quarter. Transcend Capital Advisors LLC's holdings in Target were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TGT. Hopwood Financial Services Inc. purchased a new position in Target during the fourth quarter valued at approximately $29,000. Bernard Wealth Management Corp. purchased a new position in shares of Target in the 4th quarter valued at $29,000. Legacy Investment Solutions LLC raised its position in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after acquiring an additional 85 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Target during the 4th quarter worth $36,000. Finally, Heck Capital Advisors LLC bought a new stake in Target during the fourth quarter valued at about $40,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction on 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 $23,703,849.54. The trade was a 15.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.16% of the company's stock.

Target Stock Down 1.2%

Target stock traded down $1.29 during midday trading on Thursday, hitting $104.17. The stock had a trading volume of 3,535,223 shares, compared to its average volume of 6,232,152. 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 business has a fifty day moving average price of $96.72 and a 200 day moving average price of $112.14. Target Corporation has a 12 month low of $87.35 and a 12 month high of $167.40. The stock has a market cap of $47.33 billion, a P/E ratio of 11.45, a P/E/G ratio of 2.97 and a beta of 1.22.

Target (NYSE:TGT - Get Free Report) last released 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 firm had revenue of $24.20 billion during the quarter, compared to analysts' expectations of $24.54 billion. During the same period last year, the business earned $2.03 earnings per share. The business's revenue was down 2.8% on a year-over-year basis. Research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

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. 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 is currently 49.23%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several analyst reports. Wall Street Zen lowered shares of Target from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. DA Davidson decreased their target price on shares of Target from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on shares of Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Barclays began coverage on Target in a research note on Thursday, May 22nd. They set an "equal weight" rating on the stock. Finally, Royal Bank Of Canada cut their price objective on shares of Target from $112.00 to $103.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.