Cetera Advisors LLC raised its holdings in Target Co. (NYSE:TGT) by 1.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 15,883 shares of the retailer’s stock after buying an additional 265 shares during the period. Cetera Advisors LLC’s holdings in Target were worth $1,273,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Target by 62.2% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. Phocas Financial Corp. acquired a new stake in shares of Target during the fourth quarter worth about $25,000. Loeb Partners Corp acquired a new stake in shares of Target during the fourth quarter worth about $28,000. CI Investments Inc. acquired a new stake in shares of Target during the fourth quarter worth about $27,000. Finally, C J Advisory Inc acquired a new stake in shares of Target during the first quarter worth about $33,000. Institutional investors own 82.98% of the company’s stock.

In related news, insider Michael Edward Mcnamara sold 5,186 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $79.18, for a total value of $410,627.48. Following the transaction, the insider now owns 77,550 shares in the company, valued at approximately $6,140,409. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cathy R. Smith sold 30,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $74.00, for a total value of $2,220,000.00. The disclosure for this sale can be found here. Insiders sold a total of 36,977 shares of company stock worth $2,774,409 in the last 90 days. 0.19% of the stock is currently owned by insiders.

A number of analysts have recently commented on TGT shares. Evercore ISI started coverage on Target in a research report on Wednesday, March 20th. They set an “in-line” rating and a $80.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 target price (up previously from $88.00) on shares of Target in a research report on Thursday, April 18th. Gordon Haskett upgraded Target from an “accumulate” rating to a “buy” rating in a research report on Thursday, March 21st. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Target in a research report on Friday, May 3rd. Finally, Barclays upgraded Target from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $85.00 to $115.00 in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Target currently has an average rating of “Buy” and an average target price of $88.29.

Shares of TGT stock opened at $71.26 on Thursday. The stock has a market capitalization of $36.95 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.96 and a beta of 0.65. Target Co. has a 52-week low of $60.15 and a 52-week high of $90.39. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.20 and a current ratio of 0.83.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $1.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.53. The firm had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.05 billion. Target had a return on equity of 25.74% and a net margin of 3.90%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. As a group, equities research analysts forecast that Target Co. will post 5.81 EPS for the current fiscal year.

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 $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 47.50%.

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Target Company Profile

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

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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