Target Co. (NYSE:TGT) Holdings Boosted by Larson Financial Group LLC

Larson Financial Group LLC grew its stake in shares of Target Co. (NYSE:TGT) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,339 shares of the retailer’s stock after acquiring an additional 70 shares during the period. Larson Financial Group LLC’s holdings in Target were worth $760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Beacon Financial Advisory LLC raised its position in shares of Target by 1.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after buying an additional 72 shares during the last quarter. Janiczek Wealth Management LLC raised its position in shares of Target by 18.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after buying an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC raised its position in shares of Target by 4.4% during the third quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after buying an additional 80 shares during the last quarter. iA Global Asset Management Inc. raised its position in shares of Target by 0.4% during the third quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after buying an additional 83 shares during the last quarter. Finally, Ballast Inc. raised its position in shares of Target by 0.8% during the fourth quarter. Ballast Inc. now owns 10,988 shares of the retailer’s stock valued at $1,565,000 after buying an additional 85 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction dated 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 approximately $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of Target 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 sale, the insider now owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale 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 Target 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 sale, 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. Insiders sold a total of 52,600 shares of company stock valued at $8,819,598 in the last quarter. Company insiders own 0.23% of the company’s stock.

Target Stock Down 0.4 %

Shares of NYSE:TGT traded down $0.64 during midday trading on Tuesday, reaching $166.47. 730,492 shares of the company were exchanged, compared to its average volume of 3,722,010. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $164.04 and a two-hundred day simple moving average of $141.86. The firm has a market cap of $76.86 billion, a PE ratio of 18.71, a P/E/G ratio of 1.58 and a beta of 1.14.

Target (NYSE:TGT) last issued 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 business had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $1.89 earnings per share. As a group, sell-side analysts forecast that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is currently 49.27%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. HSBC raised shares of Target from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.00 to $195.00 in a research report on Wednesday, March 6th. Barclays increased their price target on shares of Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group increased their price target on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Tigress Financial increased their price target on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Target 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.