1,734 Shares in Target Co. (NYSE:TGT) Bought by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. purchased a new stake in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,734 shares of the retailer’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Rakuten Securities Inc. bought a new position in Target in the 4th quarter worth $29,000. Tower View Wealth Management LLC grew its position in shares of Target by 82.8% during the third 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. Friedenthal Financial purchased a new stake in shares of Target during the fourth quarter worth about $45,000. McGlone Suttner Wealth Management Inc. purchased a new position in Target in the 4th quarter worth approximately $49,000. Finally, MV Capital Management Inc. boosted its stake in Target by 200.8% in the 4th quarter. MV Capital Management Inc. now owns 361 shares of the retailer’s stock worth $51,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.3 %

Shares of Target stock traded up $2.06 on Tuesday, hitting $160.41. 2,837,597 shares of the company traded hands, compared to its average volume of 3,680,698. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The company has a market cap of $74.21 billion, a PE ratio of 17.96, a PEG ratio of 1.48 and a beta of 1.17. The stock’s 50 day moving average price is $166.79 and its 200-day moving average price is $145.90. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. The business had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. Target’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. Equities research analysts predict that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued 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 2.74%. Target’s dividend payout ratio is currently 49.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TGT shares. Guggenheim lifted their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Wells Fargo & Company lifted their target price on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Morgan Stanley increased their price target on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. TheStreet raised Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, BMO Capital Markets increased their target price on Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research report on Wednesday, March 6th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the firm’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 sale, the insider now owns 346,919 shares in the company, valued at $58,115,870.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of Target 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 completion of the sale, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by corporate insiders.

Target Company 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.