Cpwm LLC Has $1.41 Million Stake in Target Co. (TGT)

Cpwm LLC grew its position in shares of Target Co. (NYSE:TGT) by 68.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,598 shares of the retailer’s stock after purchasing an additional 7,143 shares during the period. Cpwm LLC’s holdings in Target were worth $1,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TGT. Phocas Financial Corp. bought a new stake in shares of Target in the fourth quarter worth $25,000. CI Investments Inc. bought a new stake in shares of Target in the fourth quarter worth $27,000. Loeb Partners Corp bought a new stake in shares of Target in the fourth quarter worth $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Target by 62.2% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock worth $29,000 after buying an additional 140 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new stake in shares of Target in the fourth quarter worth $32,000. Institutional investors own 82.98% of the company’s stock.

In other news, insider Cathy R. Smith sold 30,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Edward Mcnamara sold 5,186 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.18, for a total transaction of $410,627.48. Following the transaction, the insider now directly owns 77,550 shares of the company’s stock, valued at approximately $6,140,409. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,977 shares of company stock valued at $2,774,409. Corporate insiders own 0.19% of the company’s stock.

TGT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, March 8th. Gordon Haskett upgraded shares of Target from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Tigress Financial restated a “buy” rating on shares of Target in a research note on Thursday, January 17th. Deutsche Bank lifted their price target on shares of Target from $80.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI initiated coverage on shares of Target in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Target has a consensus rating of “Buy” and a consensus target price of $88.29.

TGT stock opened at $71.26 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.83 and a quick ratio of 0.20. Target Co. has a 1-year low of $60.15 and a 1-year high of $90.39. The firm has a market cap of $36.95 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.96 and a beta of 0.65.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 5th. The retailer reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. Target had a net margin of 3.90% and a return on equity of 25.74%. The company had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.05 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts predict that Target Co. will post 5.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 47.50%.

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Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

Further Reading: Differences Between Momentum Investing and Long Term Investing

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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