Target Co. (NYSE:TGT) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC cut its stake in Target Co. (NYSE:TGTFree Report) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,288 shares of the retailer’s stock after selling 2,780 shares during the period. Boston Common Asset Management LLC’s holdings in Target were worth $7,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sittner & Nelson LLC increased its holdings in shares of Target by 150.6% in the second quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock valued at $28,000 after purchasing an additional 128 shares during the period. Tower View Wealth Management LLC raised its position in Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after buying an additional 106 shares during the last quarter. First Capital Advisors Group LLC. acquired a new stake in Target during the 2nd quarter valued at approximately $31,000. Penserra Capital Management LLC purchased a new stake in shares of Target in the 4th quarter valued at $35,000. Finally, WFA of San Diego LLC purchased a new stake in shares of Target in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 78.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TGT. Oppenheimer boosted their target price on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Barclays upped their target price on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. HSBC upgraded Target from a “hold” rating to a “buy” rating and lifted their price target for the company from $140.00 to $195.00 in a research report on Wednesday, March 6th. Royal Bank of Canada boosted their price target on Target from $157.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Gordon Haskett raised shares of Target from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Wednesday, February 7th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.38.

View Our Latest Report on Target

Target Trading Down 0.1 %

Shares of TGT opened at $164.22 on Friday. Target Co. has a 52-week low of $102.93 and a 52-week high of $175.53. The stock has a market cap of $75.81 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.13. 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 firm’s fifty day moving average is $149.31 and its two-hundred day moving average is $132.10.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share 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 company had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts forecast that Target Co. will post 9.35 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.68%. Target’s dividend payout ratio is currently 49.27%.

Insiders Place Their Bets

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were 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 owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the firm’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 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 approximately $5,038,481.35. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Target Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGTFree Report).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.