19,601 Shares in Target Co. (NYSE:TGT) Acquired by Trust Point Inc.

Trust Point Inc. acquired a new position in Target Co. (NYSE:TGTFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,601 shares of the retailer’s stock, valued at approximately $2,792,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TGT. Sittner & Nelson LLC lifted its holdings in shares of Target by 150.6% in the second quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock worth $28,000 after buying an additional 128 shares in the last quarter. Tower View Wealth Management LLC grew its holdings in shares of Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after purchasing an additional 106 shares during the last quarter. First Capital Advisors Group LLC. bought a new position in shares of Target in the second quarter worth about $31,000. Penserra Capital Management LLC bought a new position in shares of Target in the fourth quarter worth about $35,000. Finally, Kenfarb & CO. grew its holdings in shares of Target by 81.3% in the second quarter. Kenfarb & CO. now owns 290 shares of the retailer’s stock worth $38,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT traded down $0.53 during midday trading on Wednesday, hitting $175.71. The company’s stock had a trading volume of 1,020,912 shares, compared to its average volume of 3,886,693. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The firm’s 50 day moving average is $156.98 and its 200-day moving average is $136.25. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The firm has a market cap of $81.12 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.67 and a beta of 1.14.

Target (NYSE:TGTGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same quarter in the prior year, the company earned $1.89 EPS. Target’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.50%. Target’s payout ratio is 49.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets upped their price target on shares of Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. DA Davidson upped their price objective on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Telsey Advisory Group upped their price objective on shares of Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. HSBC raised shares of Target from a “hold” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $195.00 in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Target currently has an average rating of “Moderate Buy” and an average target price of $180.12.

Check Out Our Latest Research Report on Target

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christina Hennington sold 4,600 shares of Target stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Target (NYSE:TGT)

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