Gould Asset Management LLC CA trimmed its holdings in shares of Target Co. (NYSE:TGT) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,325 shares of the retailer’s stock after selling 1,370 shares during the period. Gould Asset Management LLC CA’s holdings in Target were worth $478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carnick & Kubik Group LLC purchased a new stake in shares of Target during the third quarter worth about $554,000. CAPROCK Group Inc. purchased a new stake in shares of Target during the third quarter worth about $832,000. SignalPoint Asset Management LLC purchased a new stake in shares of Target during the third quarter worth about $258,000. Pacer Advisors Inc. boosted its holdings in shares of Target by 6.9% during the third quarter. Pacer Advisors Inc. now owns 37,779 shares of the retailer’s stock worth $2,229,000 after purchasing an additional 2,422 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Target by 15.5% during the third quarter. Principal Financial Group Inc. now owns 925,877 shares of the retailer’s stock worth $54,636,000 after purchasing an additional 124,409 shares during the period. Institutional investors and hedge funds own 87.02% of the company’s stock.

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TGT has been the subject of a number of analyst reports. Vetr lowered shares of Target from a “strong-buy” rating to a “buy” rating and set a $64.00 target price for the company. in a report on Monday, November 20th. Deutsche Bank upgraded shares of Target from a “neutral” rating to a “positive” rating and increased their target price for the stock from $57.00 to $70.00 in a report on Wednesday, January 10th. Morgan Stanley dropped their target price on shares of Target from $52.00 to $50.00 and set an “underweight” rating for the company in a report on Thursday, November 16th. MKM Partners set a $77.00 target price on shares of Target and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Zacks Investment Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 target price for the company in a report on Saturday, January 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.97.

Target Co. (NYSE TGT) opened at $70.63 on Friday. Target Co. has a one year low of $48.56 and a one year high of $78.70. The firm has a market cap of $38,390.00, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The business had revenue of $22.77 billion for the quarter, compared to the consensus estimate of $22.56 billion. During the same period in the prior year, the business posted $1.45 EPS. Target’s revenue for the quarter was up 10.0% on a year-over-year basis. equities research analysts expect that Target Co. will post 5.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 10th. Shareholders of record on Wednesday, May 16th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.51%. Target’s dividend payout ratio is 53.68%.

In related news, insider Robert M. Harrison sold 8,557 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the completion of the sale, the insider now owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

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Target Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

Institutional Ownership by Quarter for Target (NYSE:TGT)

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