Greenleaf Trust Has $2.45 Million Stake in Target Co. (NYSE:TGT)

Greenleaf Trust decreased its stake in Target Co. (NYSE:TGT) by 10.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,189 shares of the retailer’s stock after selling 1,908 shares during the period. Greenleaf Trust’s holdings in Target were worth $2,448,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Plancorp LLC raised its holdings in shares of Target by 2.1% during the 1st quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock worth $535,000 after buying an additional 53 shares in the last quarter. Beacon Financial Advisory LLC grew its position in Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after acquiring an additional 72 shares during the last quarter. Janiczek Wealth Management LLC grew its position in Target by 18.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock worth $70,000 after acquiring an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC grew its position in Target by 4.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock worth $209,000 after acquiring an additional 80 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its position in Target by 0.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock worth $2,517,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 1.0 %

TGT stock opened at $168.30 on Friday. The stock’s 50 day simple moving average is $163.68 and its 200 day simple moving average is $140.95. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The company has a market cap of $77.70 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14.

Target (NYSE:TGT) last posted 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 for 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%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. On average, research analysts expect that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed 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. This represents a $4.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TGT. Morgan Stanley boosted their price objective on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Evercore ISI reduced their price objective on Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a research report on Tuesday. Barclays boosted their price objective on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft upgraded Target from a “hold” rating to a “buy” rating and upped their price target for the company from $149.00 to $206.00 in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus upped their price target on Target from $153.00 to $177.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction that occurred 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 directly 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 accessible through the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. Insiders sold a total of 52,600 shares of company stock valued at $8,819,598 over the last ninety days. 0.23% of the stock is currently owned by 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.