Prudent Man Advisors LLC Sells 750 Shares of Target Co. (NYSE:TGT)

Prudent Man Advisors LLC lessened its holdings in shares of Target Co. (NYSE:TGTGet Rating) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,470 shares of the retailer’s stock after selling 750 shares during the period. Prudent Man Advisors LLC’s holdings in Target were worth $1,035,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC purchased a new stake in shares of Target during the 4th quarter valued at about $28,000. Founders Capital Management purchased a new stake in shares of Target in the fourth quarter valued at approximately $29,000. Sterling Investment Advisors Ltd. grew its holdings in Target by 12,500.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 126 shares of the retailer’s stock valued at $29,000 after buying an additional 125 shares in the last quarter. Emerald Advisers LLC acquired a new stake in Target in the 4th quarter valued at about $30,000. Finally, Level Financial Advisors Inc. purchased a new position in shares of Target in the 4th quarter valued at approximately $34,000. Institutional investors own 81.83% of the company’s stock.

A number of equities research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Target from $278.00 to $294.00 and gave the company an “outperform” rating in a research report on Wednesday, March 2nd. Truist Financial reduced their target price on shares of Target from $270.00 to $261.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Jefferies Financial Group lowered their price target on shares of Target from $260.00 to $252.00 and set a “hold” rating on the stock in a report on Wednesday, March 2nd. Raymond James cut their price target on shares of Target from $290.00 to $275.00 and set a “strong-buy” rating on the stock in a report on Thursday, March 3rd. Finally, StockNews.com downgraded shares of Target from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 30th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Target has a consensus rating of “Buy” and a consensus target price of $277.23.

Shares of NYSE TGT traded up $3.78 during trading on Thursday, hitting $217.27. 3,503,705 shares of the company were exchanged, compared to its average volume of 4,011,930. The firm has a market capitalization of $100.74 billion, a PE ratio of 15.51, a P/E/G ratio of 0.94 and a beta of 0.94. Target Co. has a 12-month low of $184.00 and a 12-month high of $268.98. The company has a fifty day moving average price of $225.33 and a 200-day moving average price of $229.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.35 and a current ratio of 0.99.

Target (NYSE:TGTGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The retailer reported $3.19 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.33. The business had revenue of $31 billion during the quarter, compared to the consensus estimate of $31.40 billion. Target had a return on equity of 47.35% and a net margin of 6.55%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.67 earnings per share. Research analysts anticipate that Target Co. will post 14.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Wednesday, May 18th will be issued a $0.90 dividend. The ex-dividend date is Tuesday, May 17th. This represents a $3.60 dividend on an annualized basis and a yield of 1.66%. Target’s payout ratio is 25.59%.

In other Target news, insider Brian C. Cornell sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $216.35, for a total transaction of $6,490,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John J. Mulligan sold 29,462 shares of Target stock in a transaction on Friday, March 18th. The shares were sold at an average price of $221.62, for a total value of $6,529,368.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,363 shares of company stock worth $21,970,253. 0.29% of the stock is currently owned by corporate insiders.

Target Company Profile (Get Rating)

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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