Stonegate Investment Group LLC Sells 4,063 Shares of Target Co. (NYSE:TGT)

Stonegate Investment Group LLC trimmed its position in shares of Target Co. (NYSE:TGTFree Report) by 44.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,121 shares of the retailer’s stock after selling 4,063 shares during the quarter. Stonegate Investment Group LLC’s holdings in Target were worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. Welch Group LLC increased its position in shares of Target by 0.5% during the 4th quarter. Welch Group LLC now owns 33,140 shares of the retailer’s stock valued at $4,720,000 after purchasing an additional 180 shares during the last quarter. Drive Wealth Management LLC bought a new position in shares of Target during the 4th quarter valued at approximately $209,000. Berkshire Bank grew its stake in shares of Target by 4.9% during the 4th quarter. Berkshire Bank now owns 5,542 shares of the retailer’s stock worth $789,000 after acquiring an additional 259 shares during the period. Monte Financial Group LLC boosted its position in Target by 17.6% during the fourth quarter. Monte Financial Group LLC now owns 47,673 shares of the retailer’s stock worth $6,790,000 after purchasing an additional 7,129 shares during the period. Finally, SNS Financial Group LLC lifted its stake in shares of Target by 1.3% during the 4th quarter. SNS Financial Group LLC now owns 10,395 shares of the retailer’s stock valued at $1,480,000 after buying an additional 133 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Target

In other news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were 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 approximately $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred 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 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. In the last 90 days, insiders have sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Target from a “hold” rating to a “buy” rating and increased their price target for the stock from $149.00 to $206.00 in a report on Wednesday, March 6th. Tigress Financial upped their price target on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Morgan Stanley increased their price objective on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Bank of America boosted their target price on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, DA Davidson raised their price target on Target from $167.00 to $195.00 and gave the company a “buy” rating in a report 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.12.

Read Our Latest Stock Analysis on TGT

Target Stock Performance

Shares of TGT opened at $176.24 on Wednesday. The business’s 50 day moving average price is $156.27 and its 200-day moving average price is $135.87. The stock has a market cap of $81.37 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.67 and a beta of 1.14. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11.

Target (NYSE:TGTGet Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. Target’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 EPS. Equities research analysts anticipate that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The firm 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 $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 49.27%.

Target Company 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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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