Headlands Technologies LLC Buys 1,481 Shares of Target Co. (NYSE:TGT)

Headlands Technologies LLC boosted its stake in shares of Target Co. (NYSE:TGT) by 281.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,008 shares of the retailer’s stock after purchasing an additional 1,481 shares during the quarter. Headlands Technologies LLC’s holdings in Target were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in shares of Target during the 4th quarter valued at $29,000. Tower View Wealth Management LLC raised its stake in Target by 82.8% in 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 during the last quarter. Friedenthal Financial purchased a new stake in Target in the fourth quarter valued at about $45,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Target in the fourth quarter worth about $49,000. Finally, MV Capital Management Inc. grew its stake in shares of Target by 200.8% during the fourth quarter. MV Capital Management Inc. now owns 361 shares of the retailer’s stock worth $51,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.2 %

Target stock opened at $164.74 on Friday. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The stock has a market capitalization of $76.06 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. 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 business has a 50 day simple moving average of $165.52 and a 200-day simple moving average of $143.25.

Target (NYSE:TGT) last posted its quarterly earnings data 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. Target had a net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts anticipate that Target Co. will post 9.39 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed 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. This represents a $4.40 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Analysts Set New Price Targets

TGT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Target from a “hold” rating to a “buy” rating and increased their price objective for the company from $149.00 to $206.00 in a research report on Wednesday, March 6th. Evercore ISI lowered their price objective on shares of Target from $183.00 to $180.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Oppenheimer upped their target price on Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. lifted their price target on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Guggenheim boosted their price target on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Insiders Place Their Bets

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at $58,115,870.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the sale, the insider now owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. In the last three months, insiders sold 52,600 shares of company stock worth $8,819,598. Corporate insiders own 0.23% of the company’s stock.

About Target

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.