6,150 Shares in Target Co. (NYSE:TGT) Bought by SageView Advisory Group LLC

SageView Advisory Group LLC acquired a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,150 shares of the retailer’s stock, valued at approximately $864,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Rakuten Securities Inc. acquired a new position in shares of Target in the fourth quarter valued at $29,000. Private Wealth Management Group LLC acquired a new position in shares of Target in the fourth quarter valued at $29,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Target in the fourth quarter valued at $33,000. Partnership Wealth Management LLC acquired a new position in shares of Target in the fourth quarter valued at $40,000. Finally, Friedenthal Financial acquired a new position in shares of Target in the fourth quarter valued at $45,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial decreased their price objective on shares of Target from $160.00 to $153.00 and set a “hold” rating on the stock in a report on Thursday. HSBC raised shares of Target from a “hold” rating to a “buy” rating and boosted their target price for the company from $140.00 to $195.00 in a research report on Wednesday, March 6th. Bank of America boosted their target price 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. Royal Bank of Canada reduced their target price on shares of Target from $191.00 to $181.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Oppenheimer boosted their target price on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.41.

Target Price Performance

NYSE TGT traded up $0.82 during trading on Friday, hitting $145.23. 3,550,295 shares of the company’s stock were exchanged, compared to its average volume of 4,405,073. The stock’s 50 day moving average price is $164.92 and its two-hundred day moving average price is $149.85. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 0.97. The company has a market cap of $67.19 billion, a PE ratio of 16.30, a P/E/G ratio of 1.35 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The firm had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. During the same period in the prior year, the company earned $2.05 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts expect that Target Co. will post 9.37 EPS for the current year.

Target Announces Dividend

The company 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 3.03%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio is currently 49.38%.

Insider Activity

In other news, insider Melissa K. Kremer sold 3,000 shares of the company’s 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 transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Target news, 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 transaction of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the sale, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Insiders sold 52,600 shares of company stock valued at $8,819,598 over the last quarter. 0.23% of the stock is owned by company insiders.

Target 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.