Target Co. (NYSE:TGT) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Target Co. (NYSE:TGT) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 194,492 shares of the retailer’s stock after purchasing an additional 21,576 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Target were worth $27,700,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Plancorp LLC boosted its holdings in shares of Target by 2.1% in the first quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock worth $535,000 after buying an additional 53 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of Target by 1.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after buying an additional 72 shares during the period. Janiczek Wealth Management LLC boosted its holdings in shares of Target by 18.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock worth $70,000 after buying an additional 78 shares during the period. VisionPoint Advisory Group LLC boosted its holdings in shares of Target by 4.4% in the third quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock worth $209,000 after buying an additional 80 shares during the period. Finally, iA Global Asset Management Inc. boosted its holdings in shares of Target by 0.4% in the third quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock worth $2,517,000 after buying an additional 83 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Target news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of Target 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 sale, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. 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. Insiders own 0.23% of the company’s stock.

Target Trading Down 1.0 %

NYSE:TGT opened at $163.31 on Wednesday. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The firm has a market cap of $75.40 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.55 and a beta of 1.14. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average is $162.51 and its 200-day moving average is $140.17.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. The company 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%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. Equities analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

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 paid a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.69%. Target’s payout ratio is 49.27%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Guggenheim increased their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley increased their price target on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Truist Financial increased their price target on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their price target on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.