U.S. Capital Wealth Advisors LLC Sells 11,223 Shares of Target Corporation (NYSE:TGT)

U.S. Capital Wealth Advisors LLC lowered its stake in Target Corporation (NYSE:TGT - Free Report) by 35.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,151 shares of the retailer's stock after selling 11,223 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Target were worth $2,103,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TGT. Nicholas Company Inc. boosted its holdings in Target by 20.5% in the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock valued at $7,544,000 after purchasing an additional 9,485 shares during the last quarter. DSG Capital Advisors LLC boosted its holdings in Target by 16.1% in 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 during the last quarter. River Road Asset Management LLC boosted its holdings in Target by 144.9% in the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock valued at $31,699,000 after purchasing an additional 138,751 shares during the last quarter. Sierra Summit Advisors LLC boosted its holdings in Target by 29.0% in the fourth quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock valued at $1,940,000 after purchasing an additional 3,231 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Target in the fourth quarter valued at about $6,459,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the transaction, the insider directly owned 246,453 shares in the company, valued at $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TGT has been the topic of a number of research analyst reports. Mizuho reduced their target price on Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Guggenheim reduced their target price on Target from $155.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. increased their target price on Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reduced their target price on Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. 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's stock. According to data from MarketBeat, Target presently has an average rating of "Hold" and a consensus target price of $116.70.

Target Stock Performance

Shares of Target stock traded up $0.63 during trading on Wednesday, reaching $102.64. The company's stock had a trading volume of 4,307,975 shares, compared to its average volume of 6,254,888. 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 business's fifty day moving average price is $97.26 and its 200-day moving average price is $111.22. The firm has a market cap of $46.64 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 2.91 and a beta of 1.22. Target Corporation has a one year low of $87.35 and a one year high of $167.40.

Target (NYSE:TGT - Get Free Report) last issued 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 net margin of 3.95% and a return on equity of 25.59%. The firm had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be paid a dividend of $1.12 per share. The ex-dividend date 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%.

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.