Twin Capital Management Inc. bought a new position in shares of Target Co. (NYSE:TGT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,198 shares of the retailer’s stock, valued at approximately $1,452,000.
A number of other large investors have also bought and sold shares of TGT. Moneta Group Investment Advisors LLC increased its stake in Target by 95,980.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock worth $2,762,865,000 after purchasing an additional 18,518,448 shares in the last quarter. Norges Bank bought a new stake in Target during the 4th quarter worth approximately $725,870,000. International Assets Investment Management LLC increased its stake in Target by 15,009.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock worth $250,244,000 after purchasing an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC increased its stake in Target by 37,301.2% during the 3rd quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after purchasing an additional 1,694,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Target by 252.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,166,161 shares of the retailer’s stock worth $358,782,000 after purchasing an additional 1,551,551 shares in the last quarter. 79.73% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, insider Melissa K. Kremer sold 3,000 shares of the company’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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Brian C. Cornell sold 45,000 shares of the company’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 completion of the transaction, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction that occurred 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 directly 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. Over the last 90 days, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by corporate insiders.
Target Trading Up 1.3 %
Target (NYSE:TGT – Get Free Report) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate 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 return on equity of 33.41% and a net margin of 3.85%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 earnings per share. As a group, sell-side analysts forecast that Target Co. will post 9.39 EPS for the current year.
Target Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.64%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.27%.
Analyst Upgrades and Downgrades
TGT has been the subject of a number of research reports. Barclays increased their target price on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Royal Bank of Canada lifted their price objective on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Bank of America lifted their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Guggenheim lifted their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Truist Financial lifted their price objective on shares of Target from $142.00 to $160.00 and gave the company a “hold” rating in a 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.
View Our Latest Stock Report on TGT
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.
Recommended Stories
- Five stocks we like better than Target
- 3 Fintech Stocks With Good 2021 Prospects
- 3 Magnificent Seven Stocks Outperforming the Rest
- Why Invest in 5G? How to Invest in 5G Stocks
- Buy the Dip in Netflix Stock, It Won’t Last Long
- Find and Profitably Trade Stocks at 52-Week Lows
- Bargain Alert: Gitlab’s Slide Has Created a Temporary 40% Upside
Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT – Free Report).
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.