Personal CFO Solutions LLC Makes New Investment in Target Co. (NYSE:TGT)

Personal CFO Solutions LLC acquired a new position in Target Co. (NYSE:TGTFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,440 shares of the retailer’s stock, valued at approximately $490,000.

A number of other large investors have also modified their holdings of TGT. Larson Financial Group LLC lifted its holdings in shares of Target by 1.3% during the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after acquiring an additional 70 shares during the period. Godshalk Welsh Capital Management Inc. increased its position in shares of Target by 0.9% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock worth $1,158,000 after acquiring an additional 70 shares in the last quarter. Welch & Forbes LLC raised its stake in shares of Target by 0.9% in the 4th quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock valued at $1,099,000 after acquiring an additional 71 shares during the period. Beacon Financial Advisory LLC lifted its holdings in shares of Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after acquiring an additional 72 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in Target by 1.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,704 shares of the retailer’s stock valued at $812,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Truist Financial dropped their price target on shares of Target from $160.00 to $153.00 and set a “hold” rating on the stock in a research note on Thursday, May 23rd. Robert W. Baird reissued an “outperform” rating and issued a $190.00 price objective on shares of Target in a research report on Thursday, May 23rd. HSBC raised Target from a “hold” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $195.00 in a research report on Wednesday, March 6th. Finally, Roth Mkm restated a “neutral” rating and set a $153.00 price objective on shares of Target in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.11.

Read Our Latest Stock Report on TGT

Target Trading Up 0.6 %

Shares of NYSE:TGT opened at $146.00 on Monday. The company has a 50 day moving average of $160.30 and a 200-day moving average of $152.06. The firm has a market cap of $67.55 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.37 and a beta of 1.20. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGTGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The company had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. As a group, analysts anticipate that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.01%. Target’s payout ratio is currently 49.38%.

Insider Buying and Selling

In related news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Target Company 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.

See Also

Institutional Ownership by Quarter for Target (NYSE:TGT)

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