Target Co. (NYSE:TGT) Shares Bought by ING Groep NV

ING Groep NV grew its holdings in shares of Target Co. (NYSE:TGTFree Report) by 244.8% during the fourth quarter, HoldingsChannel reports. The firm owned 192,195 shares of the retailer’s stock after purchasing an additional 136,450 shares during the quarter. ING Groep NV’s holdings in Target were worth $27,372,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Private Wealth Management Group LLC purchased a new position in Target during the fourth quarter worth about $29,000. Rakuten Securities Inc. acquired a new position in shares of Target during the 4th quarter valued at about $29,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Target during the 4th quarter worth about $33,000. Partnership Wealth Management LLC acquired a new stake in shares of Target in the fourth quarter worth approximately $40,000. Finally, Friedenthal Financial purchased a new stake in Target in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 0.3 %

NYSE TGT traded down $0.52 during mid-day trading on Friday, reaching $160.13. 4,005,467 shares of the company’s stock traded hands, compared to its average volume of 3,059,327. 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 company has a fifty day simple moving average of $166.63 and a 200-day simple moving average of $148.53. The company has a market cap of $74.08 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.50 and a beta of 1.16.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The business had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. As a group, equities research analysts expect that Target Co. will post 9.42 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.75%. Target’s dividend payout ratio (DPR) is presently 49.27%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TGT shares. Gordon Haskett increased their price target on shares of Target from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Tigress Financial lifted their target price on Target from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. BMO Capital Markets upped their price target on Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Morgan Stanley raised their price objective on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Target from a “hold” rating to a “buy” rating and boosted their target price for the stock from $149.00 to $206.00 in a report on Wednesday, March 6th. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

View Our Latest Stock Analysis on Target

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the transaction, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the sale, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,600 shares of company stock valued at $8,819,598. Insiders own 0.23% of the company’s stock.

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.

Further Reading

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGTFree Report).

Institutional Ownership by Quarter for Target (NYSE:TGT)

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