Cary Street Partners Asset Management LLC Sells 2,142 Shares of Target Co. (NYSE:TGT)

Cary Street Partners Asset Management LLC cut its position in Target Co. (NYSE:TGT) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,388 shares of the retailer’s stock after selling 2,142 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in Target were worth $1,907,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Target by 1.3% during the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after acquiring an additional 70 shares in the last quarter. Beacon Financial Advisory LLC increased its holdings in shares of Target by 1.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after acquiring an additional 72 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of Target by 18.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after acquiring an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC increased its holdings in shares of Target by 4.4% during the third quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after acquiring an additional 80 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of Target by 0.4% during the third quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after acquiring an additional 83 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 1.6 %

TGT traded down $2.54 on Wednesday, hitting $158.44. The company had a trading volume of 1,389,776 shares, compared to its average volume of 3,653,589. The firm has a market cap of $73.15 billion, a P/E ratio of 18.03, a PEG ratio of 1.53 and a beta of 1.14. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The company’s fifty day moving average price is $166.02 and its 200 day moving average price is $144.21. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.27%.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Target news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $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 valued at $8,819,598. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TGT has been the topic of several research reports. Roth Mkm increased their price target on shares of Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Evercore ISI cut their price target on shares of Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Gordon Haskett increased their price target on shares of Target from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Jefferies Financial Group increased their price target on shares of Target from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Wells Fargo & Company increased their price target on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.