Target Co. (NYSE:TGT) Shares Sold by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp trimmed its holdings in shares of Target Co. (NYSE:TGT) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,819 shares of the retailer’s stock after selling 358 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Target were worth $401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Services Automobile Association lifted its position in shares of Target by 2.9% during the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after purchasing an additional 1,239 shares in the last quarter. RFG Advisory LLC bought a new stake in Target during the fourth quarter valued at $605,000. Tower View Wealth Management LLC increased its stake in Target by 82.8% during the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. Nordea Investment Management AB increased its stake in Target by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock valued at $73,819,000 after purchasing an additional 24,066 shares during the last quarter. Finally, Asio Capital LLC increased its stake in 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 owned by institutional investors and hedge funds.

Target Stock Performance

Shares of NYSE:TGT traded up $2.11 during trading on Thursday, reaching $166.58. The stock had a trading volume of 3,107,714 shares, compared to its average volume of 3,786,931. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The firm has a market capitalization of $76.91 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.53 and a beta of 1.14. 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 stock has a fifty day simple moving average of $162.87 and a two-hundred day simple moving average of $140.34.

Target (NYSE:TGT) last released 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. Target had a net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.64%. Target’s payout ratio is 49.27%.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,600 shares of company stock worth $8,819,598. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TGT shares. Wells Fargo & Company boosted their target price on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Gordon Haskett boosted their target price on shares of Target from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Bank of America upped their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Telsey Advisory Group upped their price target on shares of Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Morgan Stanley upped their price target on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

About Target

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.