Target Co. (NYSE:TGT) Stock Holdings Lessened by Honkamp Krueger Financial Services Inc.

Honkamp Krueger Financial Services Inc. trimmed its stake in Target Co. (NYSE:TGT) by 6.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,905 shares of the retailer’s stock after selling 198 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Target were worth $372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwarz Dygos Wheeler Investment Advisors LLC raised its position in Target by 0.6% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,824 shares of the retailer’s stock valued at $1,662,000 after acquiring an additional 82 shares in the last quarter. Carlson Capital Management raised its position in Target by 1.0% during the third quarter. Carlson Capital Management now owns 9,985 shares of the retailer’s stock valued at $1,067,000 after acquiring an additional 100 shares in the last quarter. Evermay Wealth Management LLC raised its position in Target by 3.8% during the third quarter. Evermay Wealth Management LLC now owns 2,724 shares of the retailer’s stock valued at $291,000 after acquiring an additional 100 shares in the last quarter. IHT Wealth Management LLC raised its position in Target by 3.2% during the third quarter. IHT Wealth Management LLC now owns 3,246 shares of the retailer’s stock valued at $347,000 after acquiring an additional 101 shares in the last quarter. Finally, Horrell Capital Management Inc. raised its position in Target by 0.4% during the fourth quarter. Horrell Capital Management Inc. now owns 30,990 shares of the retailer’s stock valued at $3,973,000 after acquiring an additional 114 shares in the last quarter. 76.89% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on TGT. Raymond James began coverage on shares of Target in a research report on Monday, October 7th. They set a “strong-buy” rating and a $130.00 price objective on the stock. Buckingham Research reiterated a “buy” rating and set a $145.00 price target (up previously from $131.00) on shares of Target in a report on Thursday, November 21st. KeyCorp reiterated a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Target in a report on Thursday, November 21st. Cowen reiterated a “buy” rating and set a $150.00 price target on shares of Target in a report on Wednesday. Finally, Evercore ISI assumed coverage on Target in a report on Wednesday, November 20th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $117.19.

Shares of TGT stock opened at $117.00 on Thursday. Target Co. has a 12 month low of $67.17 and a 12 month high of $130.24. The company has a quick ratio of 0.15, a current ratio of 0.83 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average is $126.16 and its two-hundred day moving average is $107.55. The company has a market cap of $63.21 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.59 and a beta of 0.56.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.17. The business had revenue of $18.41 billion for the quarter, compared to the consensus estimate of $18.45 billion. Target had a net margin of 4.18% and a return on equity of 28.22%. Target’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. As a group, equities analysts expect that Target Co. will post 6.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.64 annualized dividend and a dividend yield of 2.26%. Target’s payout ratio is 48.98%.

Target announced that its Board of Directors has initiated a stock repurchase program on Thursday, September 19th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to buy up to 9.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, insider Don H. Liu sold 2,274 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $122.20, for a total value of $277,882.80. Following the sale, the insider now owns 37,616 shares in the company, valued at $4,596,675.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephanie A. Lundquist sold 6,630 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $127.00, for a total transaction of $842,010.00. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

Further Reading: What is a stock buyback?

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT).

Institutional Ownership by Quarter for Target (NYSE:TGT)

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