Winfield Associates Inc. Reduces Stock Position in Target Co. (NYSE:TGT)

Winfield Associates Inc. lessened its holdings in shares of Target Co. (NYSE:TGTGet Rating) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,702 shares of the retailer’s stock after selling 112 shares during the period. Winfield Associates Inc.’s holdings in Target were worth $1,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. OLD Mission Capital LLC bought a new stake in Target during the 3rd quarter valued at approximately $200,000. Morgan Stanley raised its holdings in Target by 10.7% in the second quarter. Morgan Stanley now owns 3,164,273 shares of the retailer’s stock worth $764,931,000 after purchasing an additional 305,955 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Target by 111.0% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the retailer’s stock worth $25,000 after acquiring an additional 13,149 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in Target by 4.8% during the third quarter. Orion Portfolio Solutions LLC now owns 7,495 shares of the retailer’s stock valued at $1,715,000 after buying an additional 346 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Target by 5.0% during the third quarter. Handelsbanken Fonder AB now owns 133,243 shares of the retailer’s stock valued at $30,482,000 after acquiring an additional 6,300 shares in the last quarter. 81.83% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TGT traded up $2.46 during mid-day trading on Friday, reaching $219.73. The stock had a trading volume of 3,146,691 shares, compared to its average volume of 3,295,687. The business’s 50 day moving average price is $225.36 and its 200 day moving average price is $228.65. Target Co. has a 1 year low of $184.00 and a 1 year high of $268.98. The company has a market cap of $101.88 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94. The company has a current ratio of 0.99, a quick ratio of 0.35 and a debt-to-equity ratio of 1.06.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Wednesday, May 18th will be given a dividend of $0.90 per share. 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 dividend payout ratio is 25.59%.

In other Target news, insider Brian C. Cornell sold 30,000 shares of Target stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $216.35, for a total transaction of $6,490,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cara A. Sylvester sold 2,030 shares of the stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $250.00, for a total transaction of $507,500.00. Following the completion of the sale, the insider now directly owns 7,891 shares in the company, valued at approximately $1,972,750. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,363 shares of company stock valued at $21,970,253. 0.29% of the stock is owned by insiders.

Several research firms recently issued reports on TGT. JPMorgan Chase & Co. upped their price objective on Target from $262.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Raymond James reduced their price target on shares of Target from $290.00 to $275.00 and set a “strong-buy” rating for the company in a research note on Thursday, March 3rd. Royal Bank of Canada increased their price objective on shares of Target from $278.00 to $294.00 and gave the company an “outperform” rating in a research report on Wednesday, March 2nd. StockNews.com upgraded shares of Target from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Jefferies Financial Group decreased their target price on shares of Target from $260.00 to $252.00 and set a “hold” rating for the company in a research note on Wednesday, March 2nd. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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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