Target Co. (NYSE:TGT) Shares Sold by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC cut its holdings in Target Co. (NYSE:TGTFree Report) by 31.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,483 shares of the retailer’s stock after selling 1,565 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Target were worth $496,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TGT. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Target by 3,577.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock valued at $312,000 after purchasing an additional 1,431 shares in the last quarter. Zions Bancorporation N.A. grew its stake in Target by 3.3% in the 1st quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock worth $646,000 after acquiring an additional 96 shares during the period. Covestor Ltd raised its holdings in Target by 131.7% in the 1st quarter. Covestor Ltd now owns 702 shares of the retailer’s stock valued at $149,000 after acquiring an additional 399 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Target during the 1st quarter worth $208,000. Finally, Ergoteles LLC boosted its stake in Target by 191.5% in the 1st quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock worth $2,503,000 after buying an additional 7,748 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 0.0 %

NYSE TGT opened at $176.18 on Wednesday. The company has a market capitalization of $81.34 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.14. 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 Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The company’s fifty day moving average price is $156.27 and its two-hundred day moving average price is $135.87.

Target (NYSE:TGTGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. The business had revenue of $31.47 billion for the quarter, compared to analysts’ expectations 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 company posted $1.89 earnings per share. As a group, research analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.50%. Target’s payout ratio is 49.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TGT shares. The Goldman Sachs Group boosted their target price on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Telsey Advisory Group lifted their target price on Target from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Wells Fargo & Company boosted their price target on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. UBS Group reiterated a “buy” rating and set a $174.00 target price on shares of Target in a report on Tuesday, March 5th. Finally, Evercore ISI raised their price target on shares of Target from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $180.12.

Get Our Latest Analysis on Target

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 transaction, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is currently 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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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