Trust Investment Advisors Sells 174 Shares of Target Co. (NYSE:TGT)

Trust Investment Advisors cut its holdings in shares of Target Co. (NYSE:TGT) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,016 shares of the retailer’s stock after selling 174 shares during the quarter. Trust Investment Advisors’ holdings in Target were worth $999,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tower View Wealth Management LLC lifted its holdings in Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after purchasing an additional 106 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Target during the 4th quarter valued at approximately $29,000. First Capital Advisors Group LLC. bought a new stake in shares of Target during the second quarter valued at approximately $31,000. Penserra Capital Management LLC purchased a new position in shares of Target in the fourth quarter worth $35,000. Finally, Impact Partnership Wealth LLC boosted its position in shares of Target by 106.6% during the third quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock worth $45,000 after acquiring an additional 209 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TGT. UBS Group reiterated a “buy” rating and issued a $174.00 price target on shares of Target in a report on Tuesday, March 5th. Telsey Advisory Group boosted their target price on Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Roth Mkm raised their price target on Target from $140.00 to $153.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Oppenheimer upped their price objective on Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, DA Davidson raised their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Target has an average rating of “Moderate Buy” and a consensus price target of $181.85.

Insider Buying and Selling at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on 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 directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,600 shares of company stock valued at $8,819,598. Company insiders own 0.23% of the company’s stock.

Target Stock Up 1.3 %

Shares of TGT stock traded up $2.11 during mid-day trading on Thursday, hitting $166.58. The stock had a trading volume of 3,107,621 shares, compared to its average volume of 3,786,930. The firm has a market capitalization of $76.91 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The firm’s 50-day moving average is $162.87 and its two-hundred day moving average is $140.34. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same period last year, the business earned $1.89 earnings per share. Target’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal 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 given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.64%. Target’s dividend payout ratio is currently 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.