Sargent Investment Group LLC Increases Stake in Target Co. (NYSE:TGT)

Sargent Investment Group LLC increased its position in shares of Target Co. (NYSE:TGT) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,712 shares of the retailer’s stock after buying an additional 115 shares during the period. Sargent Investment Group LLC’s holdings in Target were worth $529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Target by 1.6% in the third quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock valued at $4,923,428,000 after purchasing an additional 702,565 shares during the last quarter. FMR LLC grew its stake in Target by 26.5% in the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock valued at $747,699,000 after purchasing an additional 1,415,900 shares during the last quarter. Northern Trust Corp grew its stake in Target by 2.7% in the third quarter. Northern Trust Corp now owns 5,146,067 shares of the retailer’s stock valued at $569,001,000 after purchasing an additional 134,262 shares during the last quarter. Stifel Financial Corp boosted its holdings in Target by 8.8% in the third quarter. Stifel Financial Corp now owns 3,569,969 shares of the retailer’s stock worth $394,739,000 after acquiring an additional 287,748 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Target by 3.8% in the third quarter. Invesco Ltd. now owns 3,469,168 shares of the retailer’s stock worth $383,586,000 after acquiring an additional 127,491 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Tigress Financial raised their price target on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft raised Target from a “hold” rating to a “buy” rating and raised their price target for the stock from $149.00 to $206.00 in a report on Wednesday, March 6th. Stifel Nicolaus raised their price target on Target from $153.00 to $177.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Gordon Haskett raised their price target on Target from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Truist Financial raised their price target on Target from $142.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.85.

Target Stock Up 0.2 %

Target stock opened at $164.74 on Monday. The stock has a market capitalization of $76.06 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The business has a 50 day simple moving average of $165.52 and a 200-day simple moving average of $143.49. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGT) last posted 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. The business had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 earnings per share. On average, analysts anticipate that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by corporate insiders.

Target 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.