Apollon Wealth Management LLC Grows Stock Holdings in Target Co. (NYSE:TGT)

Apollon Wealth Management LLC grew its stake in shares of Target Co. (NYSE:TGT) by 68.6% during the 4th quarter, HoldingsChannel reports. The fund owned 8,983 shares of the retailer’s stock after buying an additional 3,655 shares during the period. Apollon Wealth Management LLC’s holdings in Target were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in Target by 15,009.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after purchasing an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Target by 37,301.2% during the 3rd quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after acquiring an additional 1,694,222 shares during the last quarter. FMR LLC grew its position in Target by 26.5% in the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock worth $747,699,000 after acquiring an additional 1,415,900 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Target by 51,357.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,220,576 shares of the retailer’s stock valued at $173,834,000 after acquiring an additional 1,218,204 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Target by 56.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 2,839,156 shares of the retailer’s stock valued at $313,925,000 after purchasing an additional 1,022,437 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Price Performance

TGT opened at $159.59 on Thursday. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The stock has a 50-day moving average price of $166.79 and a 200-day moving average price of $145.90. The firm has a market cap of $73.83 billion, a PE ratio of 17.87, a P/E/G ratio of 1.48 and a beta of 1.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. The firm had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Sell-side analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders 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 2.76%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup upgraded Target from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Tuesday. Truist Financial increased their price objective on Target from $142.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Royal Bank of Canada upped their target price on Target from $157.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Roth Mkm lifted their price target on shares of Target from $140.00 to $153.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Finally, 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 report on Wednesday, March 6th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Target has an average rating of “Moderate Buy” and an average price target of $181.85.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s 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 approximately $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated 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 owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $167.52, for a total value of $7,538,400.00. Following the sale, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 over the last ninety days. Insiders own 0.23% of the company’s stock.

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.