Donald L. Hagan LLC Has $1.06 Million Stock Position in Target Co. (NYSE:TGT)

Donald L. Hagan LLC lifted its position in shares of Target Co. (NYSE:TGT) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,167 shares of the retailer’s stock after acquiring an additional 309 shares during the quarter. Donald L. Hagan LLC’s holdings in Target were worth $1,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nicholas Company Inc. boosted its position in shares of Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock worth $7,544,000 after purchasing an additional 9,485 shares in the last quarter. River Road Asset Management LLC lifted its holdings in shares of Target by 144.9% in the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after purchasing an additional 138,751 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Target in the fourth quarter valued at about $6,459,000. Sierra Summit Advisors LLC increased its position in shares of Target by 29.0% in the fourth quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock valued at $1,940,000 after acquiring an additional 3,231 shares during the last quarter. Finally, Viking Fund Management LLC increased its position in shares of Target by 20.0% in the first quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer’s stock valued at $6,262,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the sale, the insider now owns 246,453 shares of the company’s stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by company insiders.

Target Price Performance

TGT stock opened at $99.20 on Friday. The stock has a market capitalization of $45.07 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. The company’s 50-day moving average is $95.35 and its 200-day moving average is $115.44. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). The firm had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. Equities research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.52%. Target’s payout ratio is currently 49.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TGT shares. Roth Mkm reissued a “neutral” rating and set a $122.00 price target (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Guggenheim cut their price target on Target from $155.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 27th. BMO Capital Markets cut their target price on Target from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Thursday, May 22nd. Wall Street Zen cut Target from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Finally, Bank of America downgraded shares of Target from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $145.00 to $105.00 in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $116.70.

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.