Lantz Financial LLC Boosts Stock Position in Target Co. (NYSE:TGT)

Lantz Financial LLC raised its stake in shares of Target Co. (NYSE:TGTFree Report) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,158 shares of the retailer’s stock after acquiring an additional 91 shares during the quarter. Lantz Financial LLC’s holdings in Target were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Target by 3,577.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock worth $312,000 after buying an additional 1,431 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in shares of Target by 3.3% in the 1st quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock worth $646,000 after acquiring an additional 96 shares during the period. Covestor Ltd grew its holdings in Target by 131.7% during the 1st quarter. Covestor Ltd now owns 702 shares of the retailer’s stock valued at $149,000 after buying an additional 399 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Target during the 1st quarter valued at $208,000. Finally, Ergoteles LLC grew its holdings in Target by 191.5% during the 1st quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock valued at $2,503,000 after buying an additional 7,748 shares during the last quarter. 78.33% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred 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 directly owns 30,527 shares in the company, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction 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 sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TGT shares. Barclays increased their target price on Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Guggenheim increased their target price on Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Evercore ISI increased their price target on Target from $165.00 to $180.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 6th. Morgan Stanley increased their price target on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their price target on Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.38.

Read Our Latest Research Report on Target

Target Stock Down 0.9 %

Shares of Target stock opened at $168.63 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The firm has a market cap of $77.85 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.59 and a beta of 1.13. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $175.53. The business has a 50-day moving average price of $151.96 and a 200 day moving average price of $133.61.

Target (NYSE:TGTGet Free Report) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating the consensus estimate of $2.41 by $0.57. The company 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 revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 earnings per share. On average, sell-side analysts forecast that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.61%. Target’s dividend payout ratio is presently 49.27%.

Target 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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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