Target Co. (NYSE:TGT) Holdings Lifted by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC lifted its stake in Target Co. (NYSE:TGT) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,575 shares of the retailer’s stock after acquiring an additional 126 shares during the period. Eagle Bluffs Wealth Management LLC’s holdings in Target were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Tower View Wealth Management LLC lifted its position 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 valued at $26,000 after acquiring an additional 106 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of Target during the 2nd quarter worth $31,000. Penserra Capital Management LLC acquired a new position in shares of Target during the 4th quarter worth $35,000. Impact Partnership Wealth LLC increased its stake in shares of Target by 106.6% during the 3rd 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 last quarter. Finally, Friedenthal Financial acquired a new position in shares of Target during the 4th quarter worth $45,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. DA Davidson upped their price objective on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Truist Financial increased their price target on shares of Target from $142.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Bank of America increased their price target on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft raised shares of Target from a “hold” rating to a “buy” rating and increased their price target for the company from $149.00 to $206.00 in a report on Wednesday, March 6th. Finally, Roth Mkm increased their price target on shares of Target from $140.00 to $153.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.85.

Insider Buying and Selling

In related news, insider Melissa K. Kremer sold 3,000 shares of Target 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 approximately $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christina Hennington sold 4,600 shares of Target 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 completion of the sale, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 in the last 90 days. 0.23% of the stock is owned by insiders.

Target Price Performance

TGT traded down $1.75 during midday trading on Tuesday, hitting $163.26. The company had a trading volume of 2,236,011 shares, compared to its average volume of 3,778,889. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The company has a market capitalization of $75.38 billion, a PE ratio of 18.22, a P/E/G ratio of 1.56 and a beta of 1.14. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The firm’s 50-day simple moving average is $162.13 and its 200-day simple moving average is $139.80.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate 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 previous year, the company earned $1.89 EPS. Target’s revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that Target Co. will post 9.39 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 49.27%.

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.