Livforsakringsbolaget Skandia Omsesidigt Purchases 485 Shares of Target Co. (NYSE:TGT)

Livforsakringsbolaget Skandia Omsesidigt increased its position in Target Co. (NYSE:TGT) by 74.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,138 shares of the retailer’s stock after acquiring an additional 485 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Target were worth $162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TGT. Tower View Wealth Management LLC boosted its position in Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after acquiring an additional 106 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Target during the 4th quarter valued at $29,000. First Capital Advisors Group LLC. bought a new stake in Target during the 2nd quarter valued at $31,000. Penserra Capital Management LLC bought a new stake in Target during the 4th quarter valued at $35,000. Finally, Impact Partnership Wealth LLC boosted its position in Target by 106.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock valued at $45,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $166.58 on Friday. The stock has a market cap of $76.91 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The business has a 50-day simple moving average of $163.25 and a 200-day simple moving average of $140.52. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The company had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. Target’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, equities analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.64%. Target’s payout ratio is 49.27%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TGT. Tigress Financial raised their price objective on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Citigroup raised their price objective on Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Morgan Stanley raised their price objective on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. raised their price objective on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays raised their price objective on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Insider Buying and Selling

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

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.