Cravens & Co Advisors LLC Decreases Stake in Target Co. (NYSE:TGT)

Cravens & Co Advisors LLC lowered its stake in shares of Target Co. (NYSE:TGTFree Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,868 shares of the retailer’s stock after selling 338 shares during the period. Cravens & Co Advisors LLC’s holdings in Target were worth $266,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Target in the fourth quarter worth approximately $759,810,000. International Assets Investment Management LLC raised its holdings in shares of Target by 15,009.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after acquiring an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Target by 37,301.2% in the 3rd quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after purchasing an additional 1,694,222 shares during the period. FMR LLC boosted its position in Target by 26.5% during the 3rd quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock valued at $747,699,000 after acquiring an additional 1,415,900 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Target by 51,357.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,220,576 shares of the retailer’s stock valued at $173,834,000 after purchasing an additional 1,218,204 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI reduced their price objective on Target from $183.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Tigress Financial raised their price objective on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. upped their target price on shares of Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. BMO Capital Markets lifted their price objective on shares of Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada increased their price target on Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Target has an average rating of “Moderate Buy” and a consensus price target of $181.85.

Check Out Our Latest Stock Report on Target

Target Stock Down 0.3 %

TGT stock traded down $0.52 during trading on Friday, hitting $160.13. 4,005,467 shares of the company’s stock traded hands, compared to its average volume of 3,059,327. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $74.08 billion, a P/E ratio of 17.93, a PEG ratio of 1.50 and a beta of 1.16. The business has a fifty day simple moving average of $166.63 and a two-hundred day simple moving average of $148.80. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86.

Target (NYSE:TGTGet Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same quarter in the previous year, the business posted $1.89 EPS. Target’s revenue was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that Target Co. will post 9.42 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.27%.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Christina Hennington sold 4,600 shares of the business’s 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 completion of the sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction 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 approximately $58,115,870.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by corporate insiders.

Target Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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