Dynamic Advisor Solutions LLC Invests $436,000 in Target Corporation (NYSE:TGT)

Dynamic Advisor Solutions LLC acquired a new stake in Target Corporation (NYSE:TGT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,182 shares of the retailer’s stock, valued at approximately $436,000.

A number of other institutional investors have also made changes to their positions in TGT. Horrell Capital Management Inc. lifted its position in Target by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after buying an additional 76 shares in the last quarter. Fiducient Advisors LLC increased its position in shares of Target by 4.6% in the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock valued at $240,000 after acquiring an additional 78 shares during the last quarter. Napatree Capital LLC raised its holdings in Target by 2.4% during the fourth quarter. Napatree Capital LLC now owns 3,609 shares of the retailer’s stock worth $488,000 after acquiring an additional 85 shares in the last quarter. Legacy Investment Solutions LLC boosted its position in Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares during the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC boosted its position in Target by 0.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer’s stock valued at $3,875,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the transaction, the insider now owns 246,453 shares of the company’s stock, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler set a $94.00 price objective on Target and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Baird R W lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. The Goldman Sachs Group decreased their price objective on shares of Target from $101.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 22nd. Mizuho dropped their target price on shares of Target from $92.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, May 22nd. Finally, Wall Street Zen lowered Target from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $116.70.

Target Stock Performance

Shares of Target stock opened at $95.22 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. The company has a market cap of $43.26 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22. The company has a 50 day moving average of $95.56 and a 200-day moving average of $114.51. Target Corporation has a 1-year low of $87.35 and a 1-year high of $167.40.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). The business had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. Target had a return on equity of 25.59% and a net margin of 3.95%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 earnings per share. As a group, equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Wednesday, August 13th. Target’s dividend payout ratio (DPR) is presently 49.23%.

About Target

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.