Bank Hapoalim BM Acquires 895 Shares of Target Corporation (NYSE:TGT)

Bank Hapoalim BM boosted its holdings in shares of Target Corporation (NYSE:TGT) by 48.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,755 shares of the retailer’s stock after purchasing an additional 895 shares during the period. Bank Hapoalim BM’s holdings in Target were worth $288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of Target by 6.3% in the fourth quarter. Capital World Investors now owns 21,930,569 shares of the retailer’s stock worth $2,964,565,000 after acquiring an additional 1,306,552 shares during the last quarter. FMR LLC grew its stake in shares of Target by 13.6% in the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer’s stock worth $1,532,769,000 after acquiring an additional 1,358,348 shares during the last quarter. Geode Capital Management LLC boosted its stake in Target by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer’s stock worth $1,332,317,000 after buying an additional 470,990 shares in the last quarter. Norges Bank acquired a new stake in Target during the fourth quarter worth $757,892,000. Finally, Northern Trust Corp boosted its stake in Target by 16.3% during the fourth quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer’s stock worth $726,814,000 after buying an additional 754,883 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE:TGT opened at $101.70 on Tuesday. The stock has a market capitalization of $46.21 billion, a P/E ratio of 11.18, a P/E/G ratio of 2.98 and a beta of 1.22. Target Corporation has a 1-year low of $87.35 and a 1-year high of $167.40. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average price of $97.15 and a two-hundred day moving average price of $111.28.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). The firm had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. Target had a return on equity of 25.59% and a net margin of 3.95%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 earnings per share. Equities analysts predict that Target Corporation will post 8.69 earnings per share for the current 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 $1.12 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.41%. Target’s dividend payout ratio (DPR) is presently 49.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Truist Financial lifted their price target on shares of Target from $82.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, May 22nd. Citigroup decreased their price target on shares of Target from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday, May 22nd. Wall Street Zen downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Finally, Evercore ISI reduced their target price on shares of Target from $130.00 to $120.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target of $116.70.

Insider Activity at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider directly owned 246,453 shares of the company’s stock, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

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.