Target Co. (NYSE:TGT) Shares Purchased by Homrich & Berg

Homrich & Berg boosted its holdings in Target Co. (NYSE:TGT) by 6.3% during the first quarter, HoldingsChannel reports. The fund owned 17,353 shares of the retailer’s stock after buying an additional 1,023 shares during the period. Homrich & Berg’s holdings in Target were worth $3,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IronBridge Private Wealth LLC purchased a new stake in Target in the fourth quarter valued at approximately $28,000. Paradigm Strategies in Wealth Management LLC purchased a new stake in shares of Target during the first quarter worth $28,000. Semmax Financial Advisors Inc. increased its position in shares of Target by 7,200.0% during the first quarter. Semmax Financial Advisors Inc. now owns 146 shares of the retailer’s stock worth $29,000 after acquiring an additional 144 shares during the period. Safeguard Investment Advisory Group LLC purchased a new stake in shares of Target during the fourth quarter worth $36,000. Finally, Freedman Financial Associates Inc. purchased a new stake in shares of Target during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 78.52% of the company’s stock.

Several equities analysts recently commented on TGT shares. JPMorgan Chase & Co. increased their target price on Target from $233.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 25th. Telsey Advisory Group upped their price objective on shares of Target from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday, May 20th. Credit Suisse Group upped their price objective on shares of Target from $211.00 to $245.00 and gave the company an “outperform” rating in a research note on Tuesday, May 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Target from $225.00 to $258.00 and gave the company a “buy” rating in a research note on Thursday, May 20th. Finally, Morgan Stanley increased their target price on shares of Target from $205.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, May 24th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Target currently has a consensus rating of “Buy” and a consensus price target of $234.39.

In related news, insider Don H. Liu sold 13,985 shares of Target stock in a transaction on Friday, July 16th. The shares were sold at an average price of $253.90, for a total transaction of $3,550,791.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark Schindele sold 4,758 shares of Target stock in a transaction on Thursday, May 20th. The stock was sold at an average price of $218.05, for a total transaction of $1,037,481.90. Following the sale, the insider now directly owns 8,421 shares in the company, valued at approximately $1,836,199.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,693 shares of company stock worth $5,032,015. 0.52% of the stock is owned by company insiders.

Shares of TGT traded up $0.52 during mid-day trading on Thursday, reaching $256.57. 39,461 shares of the company’s stock were exchanged, compared to its average volume of 2,551,300. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.07. The stock’s 50-day simple moving average is $235.25. Target Co. has a 52-week low of $120.00 and a 52-week high of $256.43. The company has a market cap of $126.93 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01.

Target (NYSE:TGT) last announced its earnings results on Tuesday, May 18th. The retailer reported $3.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.25 by $1.44. Target had a net margin of 6.30% and a return on equity of 45.70%. The firm had revenue of $23.88 billion for the quarter, compared to analyst estimates of $21.13 billion. During the same quarter last year, the business earned $0.59 earnings per share. Target’s revenue was up 23.3% compared to the same quarter last year. On average, equities research analysts predict that Target Co. will post 12.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 10th. Shareholders of record on Wednesday, August 18th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, August 17th. This is a positive change from Target’s previous quarterly dividend of $0.68. Target’s dividend payout ratio (DPR) is 28.87%.

Target Profile

Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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