Target Co. (NYSE:TGT) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,218 shares of the retailer’s stock after selling 285 shares during the quarter. Western Wealth Management LLC’s holdings in Target were worth $1,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Plancorp LLC boosted its holdings in Target by 2.1% in the 1st quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock valued at $535,000 after purchasing an additional 53 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in Target by 1.0% in the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after purchasing an additional 72 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in 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 during the last quarter. VisionPoint Advisory Group LLC boosted its holdings in Target by 4.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after purchasing an additional 80 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in Target by 0.4% in the 3rd quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after purchasing an additional 83 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Melissa K. Kremer sold 3,000 shares of the company’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 completion of the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Melissa K. Kremer sold 3,000 shares of the company’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 completion of the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were 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 approximately $58,115,870.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,600 shares of company stock worth $8,819,598. Corporate insiders own 0.23% of the company’s stock.

Target Trading Up 1.0 %

Shares of NYSE:TGT opened at $168.30 on Friday. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company’s 50 day moving average is $163.68 and its two-hundred day moving average is $140.95. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The company has a market cap of $77.70 billion, a PE ratio of 18.85, a P/E/G ratio of 1.56 and a beta of 1.14.

Target (NYSE:TGT) last announced 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. Target had a net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same period in the prior year, the firm posted $1.89 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Stifel Nicolaus boosted their price target on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Citigroup boosted their price target on shares of Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. boosted their price target 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, Wells Fargo & Company boosted their price target on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note 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 MarketBeat.com, Target has a consensus rating of “Moderate Buy” and an average target price of $181.85.

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.