Target Co. (NYSE:TGT) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC grew its holdings in Target Co. (NYSE:TGT - Free Report) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,248 shares of the retailer's stock after acquiring an additional 5,545 shares during the quarter. Yousif Capital Management LLC's holdings in Target were worth $12,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock worth $822,000 after buying an additional 3,059 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Target by 29.9% in the fourth quarter. Apollon Wealth Management LLC now owns 12,106 shares of the retailer's stock valued at $1,637,000 after purchasing an additional 2,787 shares in the last quarter. Paladin Wealth LLC increased its stake in shares of Target by 38.6% during the 4th quarter. Paladin Wealth LLC now owns 7,283 shares of the retailer's stock worth $985,000 after purchasing an additional 2,029 shares during the last quarter. Sapient Capital LLC lifted its holdings in Target by 22.7% during the 4th quarter. Sapient Capital LLC now owns 2,667 shares of the retailer's stock valued at $361,000 after purchasing an additional 493 shares during the last quarter. Finally, Sovran Advisors LLC acquired a new position in shares of Target in the fourth quarter valued at approximately $841,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Performance

Shares of TGT traded up $0.12 during trading hours on Thursday, reaching $98.23. 2,076,089 shares of the company traded hands, compared to its average volume of 6,086,222. The stock's fifty day moving average is $95.25 and its 200 day moving average is $115.66. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40. The stock has a market cap of $44.63 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. 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 posted its quarterly 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 31.11% and a net margin of 4.06%. The company had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same period last year, the firm earned $2.03 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.56%. Target's payout ratio is 49.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Target in a research note on Thursday, May 22nd. They issued an "equal weight" rating on the stock. The Goldman Sachs Group decreased their price objective on Target from $101.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Wells Fargo & Company lowered their target price on Target from $135.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased 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. Finally, Royal Bank of Canada dropped their price target on Target from $112.00 to $103.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Target has an average rating of "Hold" and an average price target of $116.70.

Insider Activity

In other news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction dated 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 now directly owns 246,453 shares in the company, valued at $23,703,849.54. The trade was a 15.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Target Company 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.