Target Co. (NYSE:TGT) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in shares of Target Co. (NYSE:TGT) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,402 shares of the retailer’s stock after buying an additional 2,042 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Target were worth $6,466,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TGT. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Target by 3,577.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock valued at $312,000 after purchasing an additional 1,431 shares in the last quarter. Zions Bancorporation N.A. boosted its stake in shares of Target by 3.3% in the first quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock valued at $646,000 after buying an additional 96 shares in the last quarter. Covestor Ltd grew its holdings in Target by 131.7% during the first quarter. Covestor Ltd now owns 702 shares of the retailer’s stock worth $149,000 after acquiring an additional 399 shares during the period. Merit Financial Group LLC purchased a new position in Target in the first quarter worth $208,000. Finally, Ergoteles LLC boosted its position in shares of Target by 191.5% during the 1st quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock worth $2,503,000 after purchasing an additional 7,748 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Tigress Financial boosted their price target on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Morgan Stanley boosted their target price on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Finally, Truist Financial lifted their price objective on Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.85.

Target Trading Up 1.3 %

Shares of NYSE TGT opened at $166.58 on Friday. The stock has a market capitalization of $76.91 billion, a P/E ratio of 18.65, a PEG ratio of 1.54 and a beta of 1.14. The stock’s 50 day moving average price is $163.25 and its two-hundred day moving average price is $140.52. 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 Co. has a 52-week low of $102.93 and a 52-week high of $181.86.

Target (NYSE:TGT) last posted its quarterly 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 net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same period last year, the firm posted $1.89 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts anticipate that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.27%.

Insider Activity

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction 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 sale, the insider now directly 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 quarter, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by company insiders.

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.