180 Wealth Advisors LLC purchased a new position in shares of Target Co. (NYSE:TGT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,581 shares of the retailer’s stock, valued at approximately $425,000.
Other hedge funds have also bought and sold shares of the company. Verity Asset Management Inc. purchased a new stake in shares of Target in the first quarter valued at $1,189,000. Hennessy Advisors Inc. boosted its holdings in Target by 9.0% in the first quarter. Hennessy Advisors Inc. now owns 119,500 shares of the retailer’s stock valued at $8,297,000 after acquiring an additional 9,900 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Target by 10.5% in the first quarter. Daiwa Securities Group Inc. now owns 40,081 shares of the retailer’s stock valued at $2,783,000 after acquiring an additional 3,822 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in Target by 88.1% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 102,022 shares of the retailer’s stock valued at $7,028,000 after acquiring an additional 47,793 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Target by 26.4% in the first quarter. Fulton Bank N.A. now owns 12,139 shares of the retailer’s stock valued at $843,000 after acquiring an additional 2,537 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on TGT. MKM Partners set a $91.00 target price on Target and gave the company a “buy” rating in a report on Friday, June 29th. Loop Capital set a $102.00 target price on Target and gave the company a “hold” rating in a report on Friday. Credit Suisse Group set a $86.00 target price on Target and gave the company a “buy” rating in a report on Monday, May 14th. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a report on Monday, May 14th. Finally, Susquehanna Bancshares reiterated a “positive” rating and issued a $84.00 target price on shares of Target in a report on Thursday, June 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $79.41.
In other Target news, insider Janna A. Potts sold 5,152 shares of the business’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $75.00, for a total transaction of $386,400.00. Following the transaction, the insider now owns 22,304 shares in the company, valued at $1,672,800. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Laysha Ward sold 43,926 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $79.33, for a total value of $3,484,649.58. Following the transaction, the insider now owns 90,460 shares in the company, valued at approximately $7,176,191.80. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
Shares of TGT opened at $83.04 on Friday. The stock has a market cap of $44.10 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 2.94 and a beta of 0.74. Target Co. has a 12 month low of $53.90 and a 12 month high of $84.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.18 and a current ratio of 0.90.
Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 23rd. The retailer reported $1.32 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.06). The company had revenue of $16.78 billion for the quarter, compared to analyst estimates of $16.58 billion. Target had a return on equity of 23.34% and a net margin of 4.09%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. equities research analysts predict that Target Co. will post 5.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Wednesday, August 15th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, August 14th. This is a boost from Target’s previous quarterly dividend of $0.62. Target’s payout ratio is currently 54.35%.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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