Mayflower Financial Advisors LLC Has $201,000 Holdings in Target Corporation (NYSE:TGT)

Mayflower Financial Advisors LLC lifted its stake in Target Corporation (NYSE:TGT) by 24.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,929 shares of the retailer’s stock after acquiring an additional 379 shares during the period. Mayflower Financial Advisors LLC’s holdings in Target were worth $201,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new stake in shares of Target in the fourth quarter worth about $29,000. Legacy Investment Solutions LLC grew its position in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after acquiring an additional 85 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at about $40,000. Atwood & Palmer Inc. raised its stake in Target by 951.4% during the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after buying an additional 352 shares during the period. Finally, Abound Financial LLC bought a new position in shares of Target in the first quarter valued at approximately $43,000. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 246,453 shares in the company, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating on shares of Target in a research note on Thursday. Truist Financial increased their price target on shares of Target from $82.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, May 22nd. Telsey Advisory Group set a $110.00 price objective on shares of Target and gave the stock a “market perform” rating in a research note on Thursday, May 22nd. DA Davidson decreased their target price on shares of Target from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Target from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $116.00.

Target Trading Up 2.4%

Shares of TGT opened at $103.75 on Friday. The stock has a market cap of $47.14 billion, a PE ratio of 11.40, a P/E/G ratio of 2.90 and a beta of 1.22. The stock’s 50-day moving average is $98.33 and its two-hundred day moving average is $109.90. Target Corporation has a 12 month low of $87.35 and a 12 month high of $167.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25.

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 company had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 annualized dividend and a dividend yield of 4.32%. Target’s dividend payout ratio is 49.23%.

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.