Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Target Co. (NYSE:TGT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Target Co. (NYSE:TGT) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,492 shares of the retailer’s stock after buying an additional 21,576 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Target were worth $27,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TGT. Eagle Bluffs Wealth Management LLC grew its position in shares of Target by 2.0% in the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 6,575 shares of the retailer’s stock valued at $936,000 after purchasing an additional 126 shares in the last quarter. Wealth Alliance boosted its stake in Target by 32.8% during the fourth quarter. Wealth Alliance now owns 4,219 shares of the retailer’s stock valued at $601,000 after buying an additional 1,042 shares during the period. DGS Capital Management LLC bought a new stake in Target during the fourth quarter valued at $214,000. First American Trust FSB bought a new stake in Target during the fourth quarter valued at $254,000. Finally, Members Trust Co boosted its stake in Target by 5.8% during the fourth quarter. Members Trust Co now owns 2,736 shares of the retailer’s stock valued at $390,000 after buying an additional 150 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on TGT. Roth Mkm lifted their price target on Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Morgan Stanley boosted their target price on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Truist Financial boosted their target price on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Stifel Nicolaus boosted their target price on Target from $153.00 to $177.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. boosted their price target on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and an average price target of $181.85.

Insiders Place Their Bets

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through the SEC website. 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 transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders sold a total of 52,600 shares of company stock valued at $8,819,598 over the last 90 days. Insiders own 0.23% of the company’s stock.

Target Trading Down 1.0 %

NYSE:TGT opened at $163.31 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The firm has a market capitalization of $75.40 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.55 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 business has a fifty day moving average price of $162.51 and a 200-day moving average price of $140.17.

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. The firm had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share. Sell-side analysts forecast that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

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