Lindbrook Capital LLC Sells 2,202 Shares of Target Co. (NYSE:TGT)

Lindbrook Capital LLC cut its stake in shares of Target Co. (NYSE:TGT) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,126 shares of the retailer’s stock after selling 2,202 shares during the quarter. Lindbrook Capital LLC’s holdings in Target were worth $588,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Target by 3,577.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock valued at $312,000 after buying an additional 1,431 shares in the last quarter. Zions Bancorporation N.A. increased its stake in shares of Target by 3.3% in the first quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock valued at $646,000 after buying an additional 96 shares in the last quarter. Covestor Ltd increased its stake in shares of Target by 131.7% in the first quarter. Covestor Ltd now owns 702 shares of the retailer’s stock valued at $149,000 after buying an additional 399 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Target in the first quarter valued at $208,000. Finally, Ergoteles LLC increased its stake in shares of Target by 191.5% in the first quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock valued at $2,503,000 after buying an additional 7,748 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the sale, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the transaction, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Target Stock Up 1.0 %

NYSE TGT traded up $1.72 during trading on Friday, hitting $168.30. The stock had a trading volume of 3,377,054 shares, compared to its average volume of 3,095,964. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The company’s 50-day moving average price is $163.68 and its two-hundred day moving average price is $141.18. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The company has a market capitalization of $77.70 billion, a PE ratio of 18.85, a P/E/G ratio of 1.58 and a beta of 1.14.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same period in the prior year, the firm posted $1.89 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is currently 49.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TGT. Barclays lifted their price objective on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Evercore ISI lowered their price objective on Target from $183.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Oppenheimer lifted their price objective on Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Roth Mkm lifted their price objective on Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Finally, Bank of America lifted their price objective on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

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.