Target Co. (NYSE:TGT) Stake Lowered by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of Target Co. (NYSE:TGTFree Report) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 854,843 shares of the retailer’s stock after selling 25,086 shares during the quarter. California Public Employees Retirement System’s holdings in Target were worth $121,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. United Services Automobile Association grew its holdings in Target by 2.9% in the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after buying an additional 1,239 shares in the last quarter. RFG Advisory LLC bought a new position in Target in the 4th quarter worth approximately $605,000. Tower View Wealth Management LLC grew its holdings in Target by 82.8% in 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 in the last quarter. Nordea Investment Management AB grew its holdings in Target by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after buying an additional 24,066 shares in the last quarter. Finally, Asio Capital LLC grew its holdings in Target by 109.9% in the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after buying an additional 14,274 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TGT has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on Target from $176.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Citigroup increased their price target on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Roth Mkm increased their price target on Target from $140.00 to $153.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Guggenheim increased their price target on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus increased their price target on Target from $153.00 to $177.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Read Our Latest Research Report on TGT

Insiders Place Their Bets

In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at this link. In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 over the last three months. 0.23% of the stock is currently owned by insiders.

Target Price Performance

Shares of NYSE:TGT opened at $166.51 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The business has a fifty day simple moving average of $164.45 and a 200 day simple moving average of $142.30. The firm has a market cap of $76.88 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.57 and a beta of 1.14.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data 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. Target had a return on equity of 33.41% and a net margin of 3.85%. The business had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same period last year, the company earned $1.89 earnings per share. Target’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Dividend Announcement

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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.64%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.27%.

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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