Strategic Financial Concepts LLC Takes Position in Target Co. (NYSE:TGT)

Strategic Financial Concepts LLC purchased a new position in shares of Target Co. (NYSE:TGT) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 1,506 shares of the retailer’s stock, valued at approximately $267,000.

A number of other large investors have also bought and sold shares of the business. United Services Automobile Association increased its stake in shares of Target by 2.9% in the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock valued at $4,891,000 after buying an additional 1,239 shares in the last quarter. RFG Advisory LLC acquired a new stake in Target in the 4th quarter valued at about $605,000. Tower View Wealth Management LLC raised its stake in shares of Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares during the last quarter. Nordea Investment Management AB lifted its position 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 worth $73,819,000 after purchasing an additional 24,066 shares in the last quarter. Finally, Asio Capital LLC grew its stake in shares of Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after purchasing an additional 14,274 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TGT. Tigress Financial boosted their price objective on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Barclays upped their price target on Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. HSBC upgraded Target from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $195.00 in a research report on Wednesday, March 6th. Citigroup raised their target price on shares of Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Finally, Roth Mkm boosted their price target on shares of Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Insider Transactions at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction 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 sale, the insider now directly 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 hyperlink. Also, insider Christina Hennington sold 4,600 shares of Target stock in a transaction that occurred 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 transaction, 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. Insiders sold a total of 52,600 shares of company stock worth $8,819,598 in the last three months. Insiders own 0.23% of the company’s stock.

Target Stock Down 1.7 %

Shares of TGT stock traded down $2.76 during trading hours on Tuesday, hitting $160.97. 3,534,148 shares of the company were exchanged, compared to its average volume of 3,681,370. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average of $166.02 and a two-hundred day moving average of $144.21. The company has a market capitalization of $74.32 billion, a PE ratio of 18.03, a PEG ratio of 1.54 and a beta of 1.14.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. The company had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. Analysts anticipate that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.27%.

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.