Valeo Financial Advisors LLC Has $2.09 Million Stock Holdings in Target Corporation (NYSE:TGT)

Valeo Financial Advisors LLC raised its position in shares of Target Corporation (NYSE:TGT - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,980 shares of the retailer's stock after purchasing an additional 3,292 shares during the quarter. Valeo Financial Advisors LLC's holdings in Target were worth $2,085,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in Target during the 4th quarter worth about $30,000. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the fourth quarter worth approximately $29,000. Legacy Investment Solutions LLC boosted its holdings in shares of Target by 47.5% during the fourth 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 period. OFI Invest Asset Management purchased a new position in Target during the fourth quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC purchased a new position in Target during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 79.73% of the company's stock.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on 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 owned 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of Target from $97.00 to $94.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Wells Fargo & Company cut their price objective on Target from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Guggenheim lowered their target price on Target from $155.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Cfra Research downgraded Target from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Morgan Stanley reduced their price target on Target from $160.00 to $112.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $116.70.

Target Price Performance

Shares of Target stock traded up $2.40 during trading on Thursday, reaching $104.83. 5,102,332 shares of the company's stock were exchanged, compared to its average volume of 6,272,568. The company has a market cap of $47.63 billion, a P/E ratio of 11.52, a PEG ratio of 2.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.94. Target Corporation has a 1-year low of $87.35 and a 1-year high of $167.40. The firm's 50-day moving average price is $97.37 and its 200 day moving average price is $111.16.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $24.54 billion. During the same quarter last year, the business earned $2.03 EPS. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors 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 dividend yield of 4.27%. The ex-dividend date of this dividend is Wednesday, August 13th. Target's dividend payout ratio is currently 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.