Galibier Capital Management Ltd. Has $1.42 Million Position in Target Co. (NYSE:TGT)

Galibier Capital Management Ltd. lowered its stake in shares of Target Co. (NYSE:TGTFree Report) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,990 shares of the retailer’s stock after selling 1,100 shares during the period. Target makes up 0.4% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 21st biggest holding. Galibier Capital Management Ltd.’s holdings in Target were worth $1,423,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Sittner & Nelson LLC raised its position in Target by 150.6% in the second quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock worth $28,000 after purchasing an additional 128 shares in the last quarter. Tower View Wealth Management LLC raised its position in Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after purchasing an additional 106 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in Target in the second quarter worth about $31,000. Penserra Capital Management LLC acquired a new position in Target in the fourth quarter worth about $35,000. Finally, Kenfarb & CO. raised its position in Target by 81.3% in the second quarter. Kenfarb & CO. now owns 290 shares of the retailer’s stock worth $38,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’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 transaction, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of the business’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 transaction, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated 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 $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock worth $8,819,598 in the last ninety days. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TGT. TheStreet raised shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. DA Davidson upped their price objective on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Wells Fargo & Company upped their price objective on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Gordon Haskett raised shares of Target from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Wednesday, February 7th. Finally, Barclays upped their price objective on shares of Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.12.

View Our Latest Stock Report on Target

Target Stock Down 0.3 %

TGT traded down $0.49 during trading on Wednesday, hitting $175.75. The company had a trading volume of 1,770,949 shares, compared to its average volume of 3,897,615. The company has a market capitalization of $81.14 billion, a PE ratio of 19.69, a PEG ratio of 1.67 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 firm’s 50-day moving average price is $156.98 and its 200 day moving average price is $136.25. 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:TGTGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same period in the previous year, the business earned $1.89 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts expect that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.50%. Target’s dividend payout ratio is presently 49.27%.

Target Company Profile

(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.

Read More

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:TGTFree Report).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.