High Note Wealth LLC Invests $209,000 in Target Co. (NYSE:TGT)

High Note Wealth LLC purchased a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,467 shares of the retailer’s stock, valued at approximately $209,000.

A number of other large investors have also added to or reduced their stakes in TGT. Sittner & Nelson LLC lifted its position in shares of Target by 150.6% in the 2nd quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock worth $28,000 after buying an additional 128 shares during the last quarter. Tower View Wealth Management LLC lifted its position in Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in Target in the 2nd quarter valued at about $31,000. Penserra Capital Management LLC bought a new stake in Target in the 4th quarter valued at about $35,000. Finally, Kenfarb & CO. lifted its position in Target by 81.3% in the 2nd quarter. Kenfarb & CO. now owns 290 shares of the retailer’s stock valued at $38,000 after purchasing an additional 130 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 1.2 %

NYSE TGT opened at $174.67 on Thursday. The company has a market cap of $80.64 billion, a PE ratio of 19.56, a PEG ratio of 1.62 and a beta of 1.13. 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 Co. has a 12 month low of $102.93 and a 12 month high of $175.53. The stock has a 50 day moving average of $153.23 and a 200-day moving average of $134.36.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating the consensus estimate of $2.41 by $0.57. The company had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, equities research analysts anticipate that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.52%. Target’s dividend payout ratio (DPR) is 49.27%.

Insider Transactions at Target

In other news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated 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 in the company, valued at $6,576,658.56. The disclosure for this sale can be found here. Over the last 90 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.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent research reports. Royal Bank of Canada lifted their price objective on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. BMO Capital Markets raised their target price on shares of Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Roth Mkm raised their target price on shares of Target from $140.00 to $153.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. raised their target price on shares of Target from $125.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, DA Davidson raised their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $179.73.

Target Company 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.