Target Co. (NYSE:TGT) Shares Acquired by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. grew its stake in Target Co. (NYSE:TGT) by 45.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,441 shares of the retailer’s stock after buying an additional 1,999 shares during the period. Gibraltar Capital Management Inc.’s holdings in Target were worth $917,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Savant Capital LLC boosted its holdings in shares of Target by 23.6% in the 4th quarter. Savant Capital LLC now owns 16,747 shares of the retailer’s stock valued at $2,385,000 after buying an additional 3,200 shares in the last quarter. Alpha Cubed Investments LLC acquired a new position in shares of Target in the 4th quarter valued at $420,000. Mission Wealth Management LP boosted its holdings in shares of Target by 12.4% in the 4th quarter. Mission Wealth Management LP now owns 3,495 shares of the retailer’s stock valued at $498,000 after buying an additional 386 shares in the last quarter. Auxano Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at $864,000. Finally, Certuity LLC acquired a new position in shares of Target in the 4th quarter valued at $894,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated 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 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 through this hyperlink. In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the firm’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 directly owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,600 shares of company stock valued at $8,819,598. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Target from $125.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Barclays upped their price target on shares of Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 6th. Citigroup upped their price target on shares of Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Wells Fargo & Company upped their price target on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, Roth Mkm upped their price target on shares of Target from $140.00 to $153.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Price Performance

NYSE TGT traded down $2.76 during trading hours on Tuesday, reaching $160.97. The company’s stock had a trading volume of 3,534,148 shares, compared to its average volume of 3,681,370. The stock has a market cap of $74.32 billion, a PE ratio of 18.03, a PEG ratio of 1.54 and a beta of 1.14. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company’s 50-day moving average is $166.02 and its two-hundred day moving average is $144.21. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91.

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

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors 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 dividend on an annualized basis and a yield of 2.73%. Target’s payout ratio is 49.27%.

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.