1,670 Shares in Target Co. (NYSE:TGT) Purchased by Davis R M Inc.

Davis R M Inc. acquired a new stake in Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,670 shares of the retailer’s stock, valued at approximately $238,000.

Other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in shares of Target during the 4th quarter worth approximately $29,000. Private Wealth Management Group LLC acquired a new position in shares of Target during the 4th quarter worth approximately $29,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Target during the 4th quarter worth approximately $33,000. Partnership Wealth Management LLC purchased a new position in shares of Target during the 4th quarter worth $40,000. Finally, Friedenthal Financial acquired a new stake in shares of Target during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

TGT stock traded down $0.68 during mid-day trading on Thursday, reaching $142.59. 1,241,875 shares of the stock traded hands, compared to its average volume of 3,794,259. 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. The business has a 50-day moving average of $165.70 and a two-hundred day moving average of $149.38. The firm has a market capitalization of $65.97 billion, a PE ratio of 15.97, a P/E/G ratio of 1.44 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The company had revenue of $24.14 billion for the quarter, compared to analyst estimates of $24.52 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 EPS. As a group, equities analysts predict that Target Co. will post 9.43 EPS for the current fiscal year.

Target Dividend Announcement

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 paid 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 3.09%. Target’s payout ratio is presently 49.27%.

Insider Buying and Selling at Target

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the 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 directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Christina Hennington sold 4,600 shares of the firm’s 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 sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research analyst reports. Gordon Haskett lifted their target price on Target from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Truist Financial reduced their target price on Target from $160.00 to $153.00 and set a “hold” rating on the stock in a report on Thursday. The Goldman Sachs Group lifted their target price on Target from $176.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. raised their price objective on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, BMO Capital Markets dropped their target price on Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Target presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.77.

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.