Bailard Inc. Sells 466 Shares of Target Co. (NYSE:TGT)

Bailard Inc. reduced its holdings in Target Co. (NYSE:TGTGet Rating) by 0.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 76,649 shares of the retailer’s stock after selling 466 shares during the quarter. Bailard Inc.’s holdings in Target were worth $17,740,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TGT. Moors & Cabot Inc. grew its position in shares of Target by 111.0% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the retailer’s stock worth $25,000 after buying an additional 13,149 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in shares of Target in the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC bought a new stake in shares of Target in the 4th quarter worth approximately $28,000. Founders Capital Management bought a new stake in shares of Target in the 4th quarter worth approximately $29,000. Finally, Sterling Investment Advisors Ltd. grew its position in shares of Target by 12,500.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 126 shares of the retailer’s stock worth $29,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.

In related news, CAO Robert M. Harrison sold 2,080 shares of Target stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $217.87, for a total value of $453,169.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cara A. Sylvester sold 2,030 shares of Target stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $250.00, for a total value of $507,500.00. Following the completion of the sale, the insider now directly owns 7,891 shares of the company’s stock, valued at approximately $1,972,750. The disclosure for this sale can be found here. Insiders sold 99,363 shares of company stock valued at $21,970,253 in the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

Shares of TGT stock traded up $2.46 during mid-day trading on Friday, hitting $219.73. The company’s stock had a trading volume of 3,146,691 shares, compared to its average volume of 3,295,687. Target Co. has a 52-week low of $184.00 and a 52-week high of $268.98. The business has a 50-day moving average price of $225.36 and a 200 day moving average price of $228.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.35 and a current ratio of 0.99. The stock has a market cap of $101.88 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.89 and a beta of 0.94.

Target (NYSE:TGTGet Rating) last posted its quarterly earnings results on Tuesday, March 1st. The retailer reported $3.19 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.33. Target had a return on equity of 47.35% and a net margin of 6.55%. The firm had revenue of $31 billion during the quarter, compared to analysts’ expectations of $31.40 billion. During the same quarter in the previous year, the business earned $2.67 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. Equities research analysts predict that Target Co. will post 14.6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Wednesday, May 18th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 17th. Target’s payout ratio is currently 25.59%.

TGT has been the subject of a number of research analyst reports. Raymond James lowered their target price on Target from $290.00 to $275.00 and set a “strong-buy” rating for the company in a research note on Thursday, March 3rd. UBS Group raised their target price on Target from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, March 2nd. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Evercore ISI initiated coverage on Target in a research note on Friday, February 25th. They issued a “hold” rating and a $235.00 target price for the company. Finally, Truist Financial lowered their target price on Target from $270.00 to $261.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $277.23.

Target Company Profile (Get Rating)

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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