Wynn Capital LLC Takes $839,000 Position in Target Co. (NYSE:TGT)

Wynn Capital LLC purchased a new stake in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,890 shares of the retailer’s stock, valued at approximately $839,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower View Wealth Management LLC lifted its position in shares of Target by 82.8% during the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after purchasing an additional 106 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Target during the fourth quarter worth about $29,000. Impact Partnership Wealth LLC raised its holdings in Target by 106.6% in the third quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock valued at $45,000 after acquiring an additional 209 shares in the last quarter. Friedenthal Financial acquired a new stake in Target in the fourth quarter valued at approximately $45,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Target in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 0.7 %

Shares of NYSE:TGT traded down $1.14 during trading on Wednesday, reaching $165.37. 2,630,551 shares of the stock were exchanged, compared to its average volume of 3,722,639. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The firm has a market cap of $76.35 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. The firm’s 50-day moving average price is $164.45 and its 200 day moving average price is $142.30.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $31.83 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors 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 2.66%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Target from $145.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, March 6th. Gordon Haskett increased their price target on shares of Target from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Evercore ISI lowered their target price on shares of Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Truist Financial raised their target price on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Finally, TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Insider Buying and Selling

In related news, 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 transaction of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Melissa K. Kremer sold 3,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction 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 have sold 52,600 shares of company stock valued at $8,819,598. Corporate insiders own 0.23% of the company’s stock.

About Target

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.