Target Co. (NYSE:TGT) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. lessened its position in shares of Target Co. (NYSE:TGT) by 4.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,336 shares of the retailer’s stock after selling 231 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Target were worth $760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in Target by 1.3% in the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after buying an additional 70 shares in the last quarter. Beacon Financial Advisory LLC increased its holdings in Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after purchasing an additional 72 shares during the last quarter. Janiczek Wealth Management LLC raised its position in shares of Target by 18.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after purchasing an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake in shares of Target by 4.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after buying an additional 80 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of Target by 0.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TGT. HSBC raised shares of Target from a “hold” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $195.00 in a report on Wednesday, March 6th. Gordon Haskett boosted their price objective on Target from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus increased their target price on Target from $153.00 to $177.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Telsey Advisory Group lifted their target price on Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, TheStreet upgraded Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Target has an average rating of “Moderate Buy” and an average price target of $181.85.

Insider Activity

In other news, insider Brian C. Cornell sold 45,000 shares of the company’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 transaction, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is currently owned by corporate insiders.

Target Stock Down 0.6 %

Shares of Target stock opened at $163.73 on Tuesday. The company has a 50-day simple moving average of $165.80 and a two-hundred day simple moving average of $143.87. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. 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 stock has a market capitalization of $75.59 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping 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 business had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same quarter last year, the company earned $1.89 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is currently 49.27%.

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.