Target Co. (NYSE:TGT) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its position in Target Co. (NYSE:TGT) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,193 shares of the retailer’s stock after selling 1,294 shares during the period. Bleakley Financial Group LLC’s holdings in Target were worth $1,167,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. United Services Automobile Association boosted its holdings in shares of Target by 2.9% during the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after purchasing an additional 1,239 shares during the last quarter. Tower View Wealth Management LLC grew its stake in shares of Target by 82.8% during 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. Nordea Investment Management AB grew its stake in shares of Target by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after purchasing an additional 24,066 shares in the last quarter. Asio Capital LLC grew its stake in shares of Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after purchasing an additional 14,274 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its stake in shares of Target by 15.8% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,449 shares of the retailer’s stock worth $713,000 after purchasing an additional 882 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a filing with the SEC, which is available at this link. In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the transaction, the insider now directly 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 sold 52,600 shares of company stock valued at $8,819,598 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Target Trading Down 0.2 %

NYSE TGT opened at $171.32 on Friday. The stock has a market capitalization of $79.10 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.59 and a beta of 1.14. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The firm has a 50-day moving average price of $161.27 and a 200 day moving average price of $138.62. 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:TGT) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. Equities research analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The company 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 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 yield of 2.57%. Target’s dividend payout ratio is currently 49.27%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Truist Financial boosted their target price on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. UBS Group reiterated a “buy” rating and set a $174.00 target price on shares of Target in a research note on Tuesday, March 5th. BMO Capital Markets boosted their target price on shares of Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Finally, Roth Mkm upped their price objective on shares of Target from $140.00 to $153.00 and gave the company a “neutral” 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.04.

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.