Target Co. (NYSE:TGT) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. reduced its holdings in shares of Target Co. (NYSE:TGT) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,950 shares of the retailer’s stock after selling 249 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Target were worth $2,841,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in TGT. Tower View Wealth Management LLC boosted its position in shares of Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Target in the 4th quarter valued at about $29,000. Impact Partnership Wealth LLC lifted its holdings in shares of Target by 106.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock valued at $45,000 after purchasing an additional 209 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Target in the 4th quarter valued at about $45,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Target in the 4th quarter valued at about $49,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on Target from $195.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 1st. UBS Group reissued a “buy” rating and issued a $174.00 target price on shares of Target in a report on Tuesday, March 5th. Citigroup boosted their target price on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Bank of America upped their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Roth Mkm upped their price objective on Target from $140.00 to $153.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.85.

Target Price Performance

NYSE TGT traded up $0.26 during mid-day trading on Friday, hitting $164.70. The stock had a trading volume of 2,085,477 shares, compared to its average volume of 3,695,829. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a market cap of $76.04 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.55 and a beta of 1.14. The company has a 50 day simple moving average of $165.52 and a 200 day simple moving average of $143.02. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.57. The company had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. Target’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share. Equities analysts forecast that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared 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 2.67%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Insiders Place Their Bets

In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now 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 accessible through this link. In other news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christina Hennington sold 4,600 shares of Target stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,600 shares of company stock valued at $8,819,598. Corporate insiders own 0.23% of the company’s stock.

Target Company Profile

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.