Five Oceans Advisors Makes New $221,000 Investment in Target Co. (NYSE:TGT)

Five Oceans Advisors bought a new position in shares of Target Co. (NYSE:TGTFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,552 shares of the retailer’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its stake in shares of Target by 95,980.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after purchasing an additional 18,518,448 shares during the period. Norges Bank acquired a new position in shares of Target in the 4th quarter valued at about $725,870,000. Clearbridge Investments LLC lifted its stake in shares of Target by 37,301.2% in the 3rd quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock valued at $187,832,000 after purchasing an additional 1,694,222 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Target by 252.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,166,161 shares of the retailer’s stock valued at $358,782,000 after purchasing an additional 1,551,551 shares during the period. Finally, State Street Corp lifted its stake in shares of Target by 4.6% in the 1st quarter. State Street Corp now owns 34,570,634 shares of the retailer’s stock valued at $5,725,904,000 after purchasing an additional 1,529,881 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Down 0.3 %

NYSE:TGT opened at $177.31 on Tuesday. The company has a market cap of $81.86 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.66 and a beta of 1.14. The stock’s fifty day moving average price is $155.53 and its two-hundred day moving average price is $135.50. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGTGet Free Report) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. The firm had revenue of $31.47 billion for 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 business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 earnings per share. As a group, analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.48%. Target’s dividend payout ratio is currently 49.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGT. Evercore ISI boosted their price objective on Target from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft raised Target from a “hold” rating to a “buy” rating and upped their price target for the stock from $149.00 to $206.00 in a research note on Wednesday, March 6th. HSBC raised Target from a “hold” rating to a “buy” rating and upped their price target for the stock from $140.00 to $195.00 in a research note on Wednesday, March 6th. Bank of America upped their price target on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $174.00 price target on shares of Target in a research note on Tuesday, March 5th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.12.

View Our Latest Stock Report on TGT

Insiders Place Their Bets

In related news, insider Christina Hennington sold 4,600 shares of the stock in a transaction 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 transaction, 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 SEC, which can be accessed through this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of the stock in a transaction 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 transaction, 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 SEC, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Monday, March 11th. The shares were 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 in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock worth $8,819,598 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

About Target

(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.

See Also

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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