Coston McIsaac & Partners Raises Stock Position in Target Co. (NYSE:TGT)

Coston McIsaac & Partners lifted its position in Target Co. (NYSE:TGTFree Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,217 shares of the retailer’s stock after buying an additional 242 shares during the period. Coston McIsaac & Partners’ holdings in Target were worth $599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGT. Visionary Horizons LLC acquired a new stake in Target in the 4th quarter worth approximately $898,000. WealthShield Partners LLC acquired a new stake in Target in the 4th quarter worth approximately $235,000. Trust Point Inc. acquired a new stake in Target during the 4th quarter valued at approximately $2,792,000. Venturi Wealth Management LLC lifted its stake in Target by 18.4% during the 4th quarter. Venturi Wealth Management LLC now owns 553 shares of the retailer’s stock valued at $79,000 after acquiring an additional 86 shares during the period. Finally, Beacon Financial Advisory LLC lifted its stake in Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.4 %

Shares of TGT stock traded down $0.73 on Wednesday, hitting $175.51. 3,033,342 shares of the stock traded hands, compared to its average volume of 3,917,120. The firm’s 50-day moving average price is $156.98 and its two-hundred day moving average price is $136.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The stock has a market capitalization of $81.03 billion, a PE ratio of 19.69, a PEG ratio of 1.67 and a beta of 1.14. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86.

Target (NYSE:TGTGet Free Report) 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. 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 company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

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 paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Insiders Place Their Bets

In other Target 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 transaction of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Target 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 transaction of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christina Hennington sold 4,600 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Insiders sold a total of 52,600 shares of company stock valued at $8,819,598 over the last 90 days. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Target from a “hold” rating to a “buy” rating and lifted their price objective for the company from $149.00 to $206.00 in a research note on Wednesday, March 6th. Royal Bank of Canada lifted their price objective on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. DA Davidson lifted their price objective on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, BMO Capital Markets boosted their target price on shares of Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $180.12.

Get Our Latest Report on TGT

Target Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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