Schwarz Dygos Wheeler Investment Advisors LLC Sells 97 Shares of Target Co. (NYSE:TGT)

Schwarz Dygos Wheeler Investment Advisors LLC cut its holdings in Target Co. (NYSE:TGT) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,616 shares of the retailer’s stock after selling 97 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Target were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Valmark Advisers Inc. grew its holdings in shares of Target by 9.2% in the fourth quarter. Valmark Advisers Inc. now owns 6,972 shares of the retailer’s stock worth $993,000 after purchasing an additional 585 shares during the last quarter. Addison Advisors LLC grew its holdings in Target by 17.2% in the 4th quarter. Addison Advisors LLC now owns 1,172 shares of the retailer’s stock worth $167,000 after acquiring an additional 172 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Target by 281.0% in the fourth quarter. Headlands Technologies LLC now owns 2,008 shares of the retailer’s stock valued at $286,000 after acquiring an additional 1,481 shares during the period. Golden State Equity Partners raised its stake in shares of Target by 39.9% during the fourth quarter. Golden State Equity Partners now owns 9,623 shares of the retailer’s stock valued at $1,371,000 after acquiring an additional 2,744 shares during the last quarter. Finally, Markel Group Inc. boosted its holdings in shares of Target by 45.8% during the fourth quarter. Markel Group Inc. now owns 121,000 shares of the retailer’s stock worth $17,233,000 after purchasing an additional 38,000 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TGT. JPMorgan Chase & Co. increased their price objective on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Barclays lifted their price target on shares of Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Roth Mkm upped their price objective on shares of Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. TheStreet raised shares of Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, Bank of America increased their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.85.

Insider Buying and Selling

In other news, insider Melissa K. Kremer sold 3,000 shares of the company’s 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 sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the sale, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Insiders sold 52,600 shares of company stock valued at $8,819,598 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Target Stock Performance

NYSE:TGT traded up $0.30 during mid-day trading on Friday, reaching $164.74. The company’s stock had a trading volume of 2,085,518 shares, compared to its average volume of 2,821,609. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The stock has a market cap of $76.06 billion, a P/E ratio of 18.45, a PEG ratio of 1.54 and a beta of 1.14. The firm’s fifty day moving average price is $165.52 and its two-hundred day moving average price is $143.02. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.67%. Target’s dividend payout ratio (DPR) is currently 49.27%.

Target Company Profile

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.