Vest Financial LLC grew its position in Target Co. (NYSE:TGT - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 391,098 shares of the retailer's stock after buying an additional 11,122 shares during the period. Vest Financial LLC owned 0.09% of Target worth $40,815,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new position in Target during the fourth quarter worth about $29,000. Bernard Wealth Management Corp. bought a new position in shares of Target during the fourth quarter worth approximately $29,000. Legacy Investment Solutions LLC grew its position in 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 buying an additional 85 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Target during the fourth quarter worth approximately $36,000. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Target in the 4th quarter valued at $39,000. 79.73% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 246,453 shares of the company's stock, valued at $23,703,849.54. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research firms have recently weighed in on TGT. Roth Mkm reissued a "neutral" rating and issued a $122.00 price objective (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. Sanford C. Bernstein cut Target from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $97.00 to $82.00 in a research note on Monday, May 12th. Citigroup dropped their target price on shares of Target from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. KGI Securities set a $132.00 target price on shares of Target in a report on Wednesday, March 5th. Finally, DA Davidson cut 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. One 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 company's stock. According to data from MarketBeat, Target presently has a consensus rating of "Hold" and a consensus target price of $116.70.
View Our Latest Analysis on Target
Target Price Performance
NYSE TGT traded up $3.81 during trading hours on Friday, reaching $97.33. The company's stock had a trading volume of 7,816,651 shares, compared to its average volume of 6,049,559. The stock has a market cap of $44.22 billion, a PE ratio of 10.32, a PEG ratio of 1.94 and a beta of 1.22. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The company's 50-day moving average is $95.38 and its two-hundred day moving average is $116.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). The business had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 earnings per share. Analysts forecast that Target Co. will post 8.69 EPS for the current year.
Target Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were paid a $1.12 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.60%. Target's payout ratio is 49.23%.
About Target
(
Free Report)
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.
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