2,908 Shares in Target Co. (NYSE:TGT) Purchased by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,908 shares of the retailer’s stock, valued at approximately $414,000.

A number of other hedge funds also recently modified their holdings of the company. Tower View Wealth Management LLC raised its stake in shares of Target by 82.8% in 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. First Capital Advisors Group LLC. acquired a new position in Target in the second quarter worth about $31,000. Penserra Capital Management LLC bought a new position in Target during the fourth quarter worth about $35,000. Impact Partnership Wealth LLC lifted its stake in Target by 106.6% during the third quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock worth $45,000 after purchasing an additional 209 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Target during the fourth quarter valued at approximately $49,000. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $166.12 on Monday. The firm’s 50 day moving average price is $161.68 and its two-hundred day moving average price is $139.41. 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 Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The stock has a market cap of $76.70 billion, a PE ratio of 18.60, a PEG ratio of 1.56 and a beta of 1.14.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping 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 business had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts forecast 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 given a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.65%. Target’s dividend payout ratio is 49.27%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. HSBC raised Target from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $195.00 in a report on Wednesday, March 6th. Telsey Advisory Group boosted their target price on shares of Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Royal Bank of Canada increased their target price on shares of Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Finally, Stifel Nicolaus raised their price objective on shares of Target from $153.00 to $177.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.04.

Insider Activity at Target

In other Target news, 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 directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Target news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the firm’s 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 sale, 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. Over the last 90 days, insiders sold 52,600 shares of company stock worth $8,819,598. 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.