Linscomb & Williams Inc. Boosts Stock Position in Target Co. (NYSE:TGT)

Linscomb & Williams Inc. lifted its position in shares of Target Co. (NYSE:TGT) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,417 shares of the retailer’s stock after purchasing an additional 232 shares during the period. Linscomb & Williams Inc.’s holdings in Target were worth $1,469,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. OLD Mission Capital LLC purchased a new stake in Target in the third quarter worth about $200,000. CIBC Asset Management Inc boosted its holdings in Target by 1.5% in the fourth quarter. CIBC Asset Management Inc now owns 58,264 shares of the retailer’s stock worth $10,285,000 after purchasing an additional 844 shares during the last quarter. Jackson Creek Investment Advisors LLC boosted its holdings in Target by 9.9% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 5,067 shares of the retailer’s stock worth $894,000 after purchasing an additional 457 shares during the last quarter. Prio Wealth Limited Partnership boosted its holdings in Target by 12.7% in the fourth quarter. Prio Wealth Limited Partnership now owns 2,608 shares of the retailer’s stock worth $460,000 after purchasing an additional 293 shares during the last quarter. Finally, RB Capital Management LLC boosted its holdings in Target by 4.8% in the fourth quarter. RB Capital Management LLC now owns 1,910 shares of the retailer’s stock worth $337,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Shares of NYSE:TGT opened at $231.66 on Friday. The company has a market cap of $114.61 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. Target Co. has a 12 month low of $114.81 and a 12 month high of $236.80. The firm’s 50-day moving average price is $214.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.07 and a quick ratio of 0.51.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, May 18th. The retailer reported $3.69 EPS for the quarter, beating the consensus estimate of $2.25 by $1.44. The company had revenue of $23.88 billion for the quarter, compared to the consensus estimate of $21.13 billion. Target had a net margin of 6.30% and a return on equity of 45.70%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. As a group, analysts predict that Target Co. will post 11.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 10th. Shareholders of record on Wednesday, August 18th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.55%. This is a boost from Target’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, August 17th. Target’s payout ratio is 28.87%.

Several research analysts have recently weighed in on TGT shares. Guggenheim upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Monday, March 8th. Zacks Investment Research cut shares of Target from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, March 5th. Credit Suisse Group lifted their price target on shares of Target from $211.00 to $245.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 25th. Barclays lifted their price target on shares of Target from $225.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, May 20th. Finally, Robert W. Baird reduced their price target on shares of Target from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, March 3rd. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Target currently has a consensus rating of “Buy” and an average target price of $231.06.

In other news, insider Christina Hennington sold 1,852 shares of the company’s stock in a transaction that occurred on Friday, March 19th. The shares were sold at an average price of $183.00, for a total value of $338,916.00. Following the completion of the sale, the insider now owns 25,249 shares of the company’s stock, valued at approximately $4,620,567. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Edward Mcnamara sold 31,423 shares of the company’s stock in a transaction that occurred on Tuesday, April 13th. The stock was sold at an average price of $204.32, for a total transaction of $6,420,347.36. Following the completion of the sale, the insider now directly owns 139,768 shares of the company’s stock, valued at approximately $28,557,397.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,218 shares of company stock valued at $9,483,744. 0.52% of the stock is owned by corporate insiders.

Target Profile

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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