Geneos Wealth Management Inc. Sells 109 Shares of Target Co. (NYSE:TGT)

Geneos Wealth Management Inc. cut its holdings in shares of Target Co. (NYSE:TGT) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,455 shares of the retailer’s stock after selling 109 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Target were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. Tower View Wealth Management LLC increased its stake in Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares during the period. First Capital Advisors Group LLC. bought a new position in shares of Target in the second quarter worth $31,000. Penserra Capital Management LLC acquired a new position in Target in the fourth quarter valued at about $35,000. Impact Partnership Wealth LLC lifted its position 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 worth about $49,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 transaction, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction 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 owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on 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 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. Over the last 90 days, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by corporate insiders.

Target Price Performance

Shares of NYSE:TGT opened at $166.12 on Monday. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock’s 50 day moving average is $161.68 and its 200-day moving average is $139.41. 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 capitalization of $76.70 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.56 and a beta of 1.14.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share 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 company posted $1.89 earnings per share. Sell-side analysts forecast that Target Co. will post 9.39 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors 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 2.65%. Target’s payout ratio is 49.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Telsey Advisory Group lifted their price objective 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. TheStreet raised shares of Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. The Goldman Sachs Group upped their price target on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada boosted their price objective on Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Gordon Haskett boosted their target price on shares of Target from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.