Arcataur Capital Management LLC Sells 165 Shares of Target Corporation (NYSE:TGT)

Arcataur Capital Management LLC lowered its position in shares of Target Corporation (NYSE:TGT) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,999 shares of the retailer’s stock after selling 165 shares during the quarter. Arcataur Capital Management LLC’s holdings in Target were worth $209,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. DSG Capital Advisors LLC boosted its position in shares of Target by 16.1% during the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock worth $16,347,000 after purchasing an additional 21,726 shares in the last quarter. Sierra Summit Advisors LLC boosted its position in shares of Target by 29.0% during the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock worth $1,940,000 after purchasing an additional 3,231 shares in the last quarter. Viking Fund Management LLC boosted its position in shares of Target by 20.0% during the 1st quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer’s stock worth $6,262,000 after purchasing an additional 10,000 shares in the last quarter. Correct Capital Wealth Management boosted its position in shares of Target by 44.7% during the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock worth $1,415,000 after purchasing an additional 4,189 shares in the last quarter. Finally, Chapin Davis Inc. boosted its position in shares of Target by 64.7% during the 1st quarter. Chapin Davis Inc. now owns 8,507 shares of the retailer’s stock worth $888,000 after purchasing an additional 3,342 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.2%

Target stock opened at $106.03 on Monday. Target Corporation has a 1-year low of $87.35 and a 1-year high of $167.40. The firm has a market capitalization of $48.18 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 3.03 and a beta of 1.22. 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 firm has a 50 day simple moving average of $99.22 and a 200 day simple moving average of $108.18.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.35). Target had a net margin of 3.95% and a return on equity of 25.59%. The business had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $24.54 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, August 13th. Target’s payout ratio is 49.23%.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the transaction, the insider directly owned 246,453 shares of the company’s stock, valued at $23,703,849.54. This trade represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Target from $160.00 to $112.00 and set an “overweight” rating on the stock in a research report on Thursday, May 22nd. Bank of America cut shares of Target from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $145.00 to $105.00 in a research report on Thursday, May 22nd. Wedbush reissued an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Robert W. Baird set a $100.00 price objective on shares of Target in a research report on Thursday, May 22nd. Finally, Barclays reaffirmed an “underweight” rating and issued a $91.00 price target on shares of Target in a research report on Monday, July 21st. Two research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Target currently has an average rating of “Hold” and an average target price of $115.65.

Target Company 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.