Pine Valley Investments Ltd Liability Co Grows Holdings in Target Co. (NYSE:TGT)

Pine Valley Investments Ltd Liability Co grew its stake in Target Co. (NYSE:TGTFree Report) by 42.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,066 shares of the retailer’s stock after acquiring an additional 7,440 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Target were worth $3,570,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TGT. United Services Automobile Association grew its holdings in shares of Target by 2.9% in the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock valued at $4,891,000 after purchasing an additional 1,239 shares in the last quarter. RFG Advisory LLC acquired a new position in Target during the 4th quarter worth approximately $605,000. Nordea Investment Management AB grew its holdings in Target by 4.9% during the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after acquiring an additional 24,066 shares in the last quarter. Asio Capital LLC grew its holdings in Target by 109.9% during the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after acquiring an additional 14,274 shares in the last quarter. Finally, Blue Chip Partners LLC grew its holdings in Target by 5.1% during the 4th quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock worth $18,540,000 after acquiring an additional 6,348 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the 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 completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Melissa K. Kremer sold 3,000 shares of the firm’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 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 $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. 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. 0.23% of the stock is owned by corporate insiders.

Target Trading Down 0.7 %

NYSE TGT traded down $1.09 during mid-day trading on Wednesday, hitting $146.01. The company’s stock had a trading volume of 408,223 shares, compared to its average volume of 3,820,351. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The stock’s fifty day simple moving average is $164.05 and its two-hundred day simple moving average is $150.68. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. The firm has a market capitalization of $67.55 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16.

Target (NYSE:TGTGet Free Report) last issued its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The firm had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. During the same period last year, the business earned $2.05 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. Research analysts expect that Target Co. will post 9.37 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.01%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 49.38%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Tigress Financial boosted their price target on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Truist Financial reduced their price objective on shares of Target from $160.00 to $153.00 and set a “hold” rating for the company in a research report on Thursday, May 23rd. Jefferies Financial Group boosted their price objective on shares of Target from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company upped their price target on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, Bank of America upped their price target on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Target currently has an average rating of “Moderate Buy” and a consensus target price of $180.41.

Get Our Latest Stock Analysis on Target

About Target

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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