Target Co. (NYSE:TGT) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC trimmed its holdings in Target Co. (NYSE:TGTGet Rating) by 1.7% during the first quarter, HoldingsChannel reports. The firm owned 4,393 shares of the retailer’s stock after selling 77 shares during the period. Prudent Man Advisors LLC’s holdings in Target were worth $932,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Landmark Wealth Management LLC purchased a new stake in Target in the first quarter valued at approximately $25,000. Industrial Alliance Investment Management Inc. purchased a new stake in Target in the fourth quarter valued at approximately $27,000. Sterling Investment Advisors Ltd. raised its position in Target by 12,500.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 126 shares of the retailer’s stock valued at $29,000 after purchasing an additional 125 shares during the period. Delos Wealth Advisors LLC acquired a new position in shares of Target in the fourth quarter worth $29,000. Finally, Emerald Advisers LLC acquired a new position in shares of Target in the fourth quarter worth $30,000. 81.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TGT shares. Credit Suisse Group dropped their price target on shares of Target from $286.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 23rd. Citigroup lowered their target price on shares of Target from $188.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, June 8th. DA Davidson reduced their price target on shares of Target from $205.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, June 8th. UBS Group decreased their target price on shares of Target from $225.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, June 8th. Finally, Robert W. Baird decreased their target price on shares of Target from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, June 8th. Nine equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.08.

Insiders Place Their Bets

In other Target news, insider John J. Mulligan sold 45,490 shares of Target stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $139.98, for a total value of $6,367,690.20. Following the completion of the sale, the insider now directly owns 157,333 shares of the company’s stock, valued at approximately $22,023,473.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Target Trading Down 0.3 %

Shares of TGT opened at $166.13 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.87 and a quick ratio of 0.14. The firm has a 50 day simple moving average of $151.90 and a 200-day simple moving average of $193.00. Target Co. has a 1-year low of $137.16 and a 1-year high of $268.98. The stock has a market cap of $77.03 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03.

Target (NYSE:TGTGet Rating) last released its earnings results on Wednesday, May 18th. The retailer reported $2.19 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.81). The firm had revenue of $24.83 billion during the quarter, compared to analysts’ expectations of $24.48 billion. Target had a return on equity of 44.75% and a net margin of 5.48%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.69 earnings per share. Equities analysts forecast that Target Co. will post 8.49 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 17th will be paid a $1.08 dividend. This is a boost from Target’s previous quarterly dividend of $0.90. This represents a $4.32 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, August 16th. Target’s payout ratio is presently 29.85%.

Target Company Profile

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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 d├ęcor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

See Also

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGTGet Rating).

Institutional Ownership by Quarter for Target (NYSE:TGT)

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