Target Co. (NYSE:TGT) Shares Sold by Field & Main Bank

Field & Main Bank decreased its holdings in shares of Target Co. (NYSE:TGT) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,853 shares of the retailer’s stock after selling 505 shares during the quarter. Field & Main Bank’s holdings in Target were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. Tower View Wealth Management LLC lifted its holdings in Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after buying an additional 106 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Target in the 4th quarter worth $29,000. Friedenthal Financial acquired a new position in Target in the 4th quarter worth $45,000. McGlone Suttner Wealth Management Inc. acquired a new position in Target in the 4th quarter worth $49,000. Finally, MV Capital Management Inc. lifted its holdings in Target by 200.8% in the 4th quarter. MV Capital Management Inc. now owns 361 shares of the retailer’s stock worth $51,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christina Hennington sold 4,600 shares of the stock in a transaction on 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 owns 38,487 shares in the company, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TGT shares. Tigress Financial boosted their price objective on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their target price on shares of Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. UBS Group reissued a “buy” rating and issued a $174.00 target price on shares of Target in a research report on Tuesday, March 5th. Guggenheim boosted their target price on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Gordon Haskett boosted their target price on shares of Target from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Target Stock Performance

NYSE TGT traded down $1.01 on Monday, hitting $163.73. The stock had a trading volume of 2,737,106 shares, compared to its average volume of 3,683,991. The company’s 50-day moving average is $165.80 and its two-hundred day moving average is $143.87. The stock has a market cap of $75.59 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.54 and a beta of 1.14. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11.

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

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.69%. Target’s dividend payout ratio (DPR) is presently 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.