Target Co. (NYSE:TGT) Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. decreased its position in shares of Target Co. (NYSE:TGT) by 11.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,277 shares of the retailer’s stock after selling 543 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Target were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TGT. United Services Automobile Association raised its stake in shares of Target by 2.9% during the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after buying an additional 1,239 shares during the period. RFG Advisory LLC purchased a new stake in shares of Target during the fourth quarter worth about $605,000. Tower View Wealth Management LLC boosted its holdings in Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after buying an additional 106 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Target by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock valued at $73,819,000 after acquiring an additional 24,066 shares during the last quarter. Finally, Asio Capital LLC lifted its position in shares of Target by 109.9% in the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after acquiring an additional 14,274 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on TGT shares. TheStreet upgraded Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Gordon Haskett raised their target price 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. Telsey Advisory Group increased their price target on Target from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Tigress Financial raised their target price on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Finally, Guggenheim boosted their price target on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Target Stock Performance

Shares of TGT stock traded down $2.97 during trading hours on Tuesday, reaching $160.76. 423,842 shares of the company’s stock were exchanged, compared to its average volume of 3,643,286. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The company has a market cap of $74.22 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company’s 50 day moving average is $165.80 and its two-hundred day moving average is $143.87.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $31.83 billion. During the same period last year, the company posted $1.89 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.74%. Target’s dividend payout ratio is presently 49.27%.

Insider Buying and Selling at Target

In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Melissa K. Kremer sold 3,000 shares of the 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 transaction, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the business’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 completion of the sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. In the last three months, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by corporate 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.