1,651 Shares in Target Co. (NYSE:TGT) Acquired by Holistic Financial Partners

Holistic Financial Partners purchased a new position in shares of Target Co. (NYSE:TGTFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,651 shares of the retailer’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently bought and sold shares of TGT. Norges Bank acquired a new position in shares of Target in the 4th quarter valued at $759,810,000. International Assets Investment Management LLC raised its stake in shares of Target by 15,009.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after purchasing an additional 1,745,459 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Target by 37,301.2% in the 3rd quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock valued at $187,832,000 after acquiring an additional 1,694,222 shares in the last quarter. FMR LLC grew its holdings in shares of Target by 26.5% in the 3rd quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock valued at $747,699,000 after acquiring an additional 1,415,900 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Target by 51,357.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,220,576 shares of the retailer’s stock worth $173,834,000 after purchasing an additional 1,218,204 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of TGT traded up $1.58 during mid-day trading on Thursday, hitting $149.32. 1,351,707 shares of the company traded hands, compared to its average volume of 3,822,857. The stock has a 50-day moving average price of $163.60 and a two-hundred day moving average price of $150.66. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.86. The stock has a market cap of $69.08 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.38 and a beta of 1.16. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86.

Target (NYSE:TGTGet Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The firm had revenue of $24.14 billion during the quarter, compared to the consensus estimate of $24.52 billion. During the same quarter in the previous year, the company earned $2.05 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts anticipate that Target Co. will post 9.32 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Target from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd. Oppenheimer lifted their price target on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Stifel Nicolaus lifted their price target on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Truist Financial lowered their price objective on shares of Target from $160.00 to $153.00 and set a “hold” rating for the company in a research report on Thursday, May 23rd. Finally, TheStreet raised shares of Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $180.41.

Get Our Latest Stock Analysis on TGT

Insider Activity at Target

In other 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 owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other 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 owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

Target Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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