Larson Financial Group LLC Buys 70 Shares of Target Co. (NYSE:TGT)

Larson Financial Group LLC lifted its holdings in Target Co. (NYSE:TGT) by 1.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,339 shares of the retailer’s stock after purchasing an additional 70 shares during the period. Larson Financial Group LLC’s holdings in Target were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. United Services Automobile Association increased its holdings in Target by 2.9% in the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after acquiring an additional 1,239 shares in the last quarter. RFG Advisory LLC purchased a new stake in Target in the 4th quarter worth approximately $605,000. Tower View Wealth Management LLC grew its holdings in Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. 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 valued at $73,819,000 after buying an additional 24,066 shares in the last quarter. Finally, 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 valued at $3,883,000 after buying an additional 14,274 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of a number of research reports. Barclays increased their target price on Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 6th. Jefferies Financial Group raised their price target on Target from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Evercore ISI lowered their price target on Target from $183.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Gordon Haskett raised their price target on Target from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Bank of America raised their price target on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Eleven investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $181.85.

Target Trading Down 0.4 %

Shares of Target stock traded down $0.64 during trading hours on Tuesday, hitting $166.47. The company’s stock had a trading volume of 730,492 shares, compared to its average volume of 3,722,010. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The firm has a fifty day moving average of $164.04 and a 200-day moving average of $141.86. The stock has a market cap of $76.86 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 1.58 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91.

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

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders 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 annualized dividend and a dividend yield of 2.64%. Target’s dividend payout ratio (DPR) is currently 49.27%.

Insider Activity

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

Target 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.