Target Co. (NYSE:TGT) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC cut its stake in Target Co. (NYSE:TGT) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,218 shares of the retailer’s stock after selling 285 shares during the period. Western Wealth Management LLC’s holdings in Target were worth $1,170,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TGT. Rakuten Securities Inc. acquired a new position in Target during the fourth quarter valued at approximately $29,000. Tower View Wealth Management LLC lifted its position in Target by 82.8% during the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in Target during the second quarter valued at approximately $31,000. Penserra Capital Management LLC acquired a new position in Target during the fourth quarter valued at approximately $35,000. Finally, Friedenthal Financial acquired a new position in Target during the fourth quarter valued at approximately $45,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Oppenheimer lifted their price objective on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Guggenheim lifted their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Evercore ISI dropped their price objective on shares of Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday. Finally, UBS Group reiterated a “buy” rating and set a $174.00 price objective on shares of Target in a research note on Tuesday, March 5th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Performance

Target stock opened at $168.30 on Friday. The company has a market cap of $77.70 billion, a PE ratio of 18.85, a P/E/G ratio of 1.56 and a beta of 1.14. The company has a fifty day moving average price of $163.68 and a two-hundred day moving average price of $140.95. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86.

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

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.27%.

Insiders Place Their Bets

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