Wealthcare Advisory Partners LLC increased its stake in Target Co. (NYSE: TGT – Get a rating) by 8.4% in the 1st quarter, Holdings Channel.com reports. The company held 4,007 shares of the retailer after acquiring 310 additional shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Target were worth $850,000 when it last filed with the SEC.
Other institutional investors and hedge funds also changed their positions in the company. Delos Wealth Advisors LLC bought a new equity stake in Target in Q4 for about $29,000. Founders Capital Management bought a new stock position in Target during Q4 for a value of approximately $29,000. Sterling Investment Advisors Ltd. increased its stake in Target shares by 12,500.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 126 shares of the retailer worth $29,000 after acquiring an additional 125 shares in the last quarter. Emerald Advisers LLC purchased a new stock position in Target during Q4 for a value of approximately $30,000. Finally, Level Financial Advisors Inc. bought a new position in Target stock during Q4 worth approximately $34,000. 81.83% of the shares are held by hedge funds and other institutional investors.
Shares of NYSETGT opened at $149.61 on Tuesday. The company’s fifty-day moving average price is $185.55 and its 200-day moving average price is $207.69. Target Co. has a 1-year low of $138.58 and a 1-year high of $268.98. The company has a market capitalization of $69.37 billion, a PE ratio of 12.41, a growth price-earnings ratio of 1.69 and a beta of 0.96. The company has a debt ratio of 1.24, a quick ratio of 0.14 and a current ratio of 0.87.
Target (NYSE: TGT – Get a rating) last announced its quarterly results on Wednesday, May 18. The retailer reported earnings per share (EPS) of $2.19 for the quarter, missing analyst consensus estimates of $3.07 per ($0.88). Target had a return on equity of 44.75% and a net margin of 5.48%. The company posted revenue of $24.83 billion for the quarter, versus $24.48 billion expected by analysts. During the same period last year, the company posted earnings per share of $3.69. The company’s quarterly revenue increased 4.0% year over year. On average, stock analysts expect Target Co. to post EPS of 8.7 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, September 10. Investors of record on Wednesday, August 17 will receive a dividend of $1.08 per share. The ex-dividend date is Tuesday, August 16. This is an increase from Target’s previous quarterly dividend of $0.90. This represents a dividend of $4.32 on an annualized basis and a yield of 2.89%. Target’s dividend payout ratio is 29.85%.
Several research firms have recently commented on TGT. Cowen cut his price target on Target shares from $265.00 to $190.00 and set an “outperform” rating for the company in a Thursday, May 19 research note. UBS Group cut its price target on Target shares from $225.00 to $205.00 and set a “buy” rating for the company in a Wednesday, June 8 research note. Robert W. Baird cut his price target on Target shares from $195.00 to $180.00 and set an “outperform” rating for the company in a Wednesday, June 8 research note. Gordon Haskett cut his price target on Target shares from $300.00 to $200.00 and set a “buy” rating for the company in a Thursday, May 19 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Target shares from $227.00 to $198.00 and set a “buy” rating on the stock in a Wednesday, June 8 research note. . Nine analysts gave the stock a hold rating, sixteen gave the company a buy rating and one gave the company’s stock a strong buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $193.04.
In other Target news, insider Cara A. Sylvester sold 2,030 shares in a trade on Wednesday, April 20. The shares were sold at an average price of $250.00, for a total transaction of $507,500.00. Following the transaction, the insider now directly owns 7,891 shares of the company, valued at $1,972,750. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. Also, insider John J. Mulligan sold 45,490 shares in a trade on Friday, June 17. The shares were sold at an average price of $139.98, for a total transaction of $6,367,690.20. Following the transaction, the insider now directly owns 157,333 shares of the company, valued at $22,023,473.34. Disclosure of this sale can be found here. Insiders have sold 79,694 shares of the company worth $14,055,746 in the past three months. 0.29% of the shares are currently held by insiders.
Target company profile (Get a rating)
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry groceries, dairy products and frozen products. clothing, accessories, home decor products, electronics, toys, seasonal offers, food and other merchandise; and beauty and household products.
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