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

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blackhawk Capital Partners LLC. purchased a new position in Target during the 1st quarter valued at about $1,262,000. Bank Hapoalim BM grew its stake in Target by 48.1% during the 1st quarter. Bank Hapoalim BM now owns 2,755 shares of the retailer's stock valued at $288,000 after acquiring an additional 895 shares in the last quarter. Abound Financial LLC purchased a new position in Target during the 1st quarter valued at about $43,000. Crossmark Global Holdings Inc. grew its stake in Target by 8.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 80,418 shares of the retailer's stock valued at $8,392,000 after acquiring an additional 5,941 shares in the last quarter. Finally, Security National Bank of SO Dak grew its stake in Target by 2.9% during the 1st quarter. Security National Bank of SO Dak now owns 14,050 shares of the retailer's stock valued at $1,466,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TGT shares. JPMorgan Chase & Co. lifted their target price on Target from $105.00 to $109.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Robert W. Baird set a $100.00 price objective on Target in a report on Thursday, May 22nd. Cfra Research downgraded Target from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 17th. DA Davidson dropped their price objective on Target from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Telsey Advisory Group set a $110.00 price objective on Target and gave the stock a "market perform" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $116.70.

Target Stock Performance

TGT traded down $0.48 during trading on Friday, reaching $104.26. 3,863,655 shares of the company's stock were exchanged, compared to its average volume of 6,262,971. Target Corporation has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $97.55 and a 200 day moving average price of $110.97. The company has a market capitalization of $47.37 billion, a P/E ratio of 11.46, a PEG ratio of 2.93 and a beta of 1.22.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a return on equity of 25.59% and a net margin of 3.95%. The business had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The firm's quarterly revenue was down 2.8% on a year-over-year basis. As a group, analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 annualized dividend and a dividend yield of 4.30%. Target's dividend payout ratio is presently 49.23%.

Insider Activity at Target

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 sale, the insider owned 246,453 shares in the company, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

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.