FLC Capital Advisors Has $228,000 Stake in Target Co. (NYSE:TGT)

FLC Capital Advisors lowered its position in shares of Target Co. (NYSE:TGT) by 26.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,600 shares of the retailer’s stock after selling 576 shares during the quarter. FLC Capital Advisors’ holdings in Target were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TGT. Tower View Wealth Management LLC raised its holdings 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 worth $26,000 after purchasing an additional 106 shares during the period. Sittner & Nelson LLC raised its holdings in shares of Target by 150.6% in the 2nd quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock worth $28,000 after purchasing an additional 128 shares during the period. First Capital Advisors Group LLC. bought a new stake in shares of Target in the 2nd quarter worth approximately $31,000. Penserra Capital Management LLC bought a new stake in Target during the 4th quarter valued at $35,000. Finally, Kenfarb & CO. raised its holdings in Target by 81.3% during the 2nd quarter. Kenfarb & CO. now owns 290 shares of the retailer’s stock valued at $38,000 after acquiring an additional 130 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.5 %

Shares of TGT traded up $2.54 during mid-day trading on Thursday, hitting $177.21. The company’s stock had a trading volume of 3,701,153 shares, compared to its average volume of 3,948,050. The company’s 50-day moving average is $153.23 and its 200-day moving average is $134.36. Target Co. has a 52-week low of $102.93 and a 52-week high of $177.40. The firm has a market capitalization of $81.82 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.62 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. Target’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Target Co. will post 9.39 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.48%. Target’s payout ratio is 49.27%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Citigroup increased their target price on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Oppenheimer increased their target price on Target from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. HSBC raised Target from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $195.00 in a research note on Wednesday, March 6th. Finally, DA Davidson raised their price objective on Target from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target presently has an average rating of “Moderate Buy” and an average price target of $179.73.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the 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 owns 346,919 shares in the company, valued at $58,115,870.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction 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 of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Monday, March 11th. The shares were 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 $58,115,870.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by corporate insiders.

Target Company 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.