Court Place Advisors LLC Has $734,000 Stock Position in Target Co. (NYSE:TGT)

Court Place Advisors LLC boosted its stake in shares of Target Co. (NYSE:TGT) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,154 shares of the retailer’s stock after buying an additional 208 shares during the period. Court Place Advisors LLC’s holdings in Target were worth $734,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Tower View Wealth Management LLC raised its holdings in Target by 82.8% during 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 period. Rakuten Securities Inc. acquired a new stake in Target during the 4th quarter worth approximately $29,000. First Capital Advisors Group LLC. acquired a new stake in Target during the 2nd quarter worth approximately $31,000. Penserra Capital Management LLC acquired a new stake in Target during the 4th quarter worth approximately $35,000. Finally, Impact Partnership Wealth LLC raised its holdings in shares of Target by 106.6% in the third quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock valued at $45,000 after purchasing an additional 209 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brian C. Cornell sold 45,000 shares of the business’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 sale, the insider now 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 SEC, which is available at this hyperlink. In related news, insider Melissa K. Kremer sold 3,000 shares of the company’s 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 completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 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. Over the last 90 days, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by company insiders.

Target Stock Performance

TGT stock traded up $1.15 during midday trading on Wednesday, reaching $164.47. 3,668,176 shares of the company were exchanged, compared to its average volume of 3,796,107. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The business has a 50-day moving average price of $162.51 and a two-hundred day moving average price of $140.17. Target Co. has a one year low of $102.93 and a one year high of $181.86. The firm has a market capitalization of $75.93 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.14.

Target (NYSE:TGT) last announced 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. The company had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. Target’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.89 earnings per share. Equities research analysts forecast that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.68%. Target’s payout ratio is presently 49.27%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TGT shares. HSBC upgraded shares of Target from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $195.00 in a report on Wednesday, March 6th. Gordon Haskett lifted their price objective on shares of Target from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Jefferies Financial Group lifted their price objective on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 1st. Guggenheim lifted their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

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.