Target Co. (NYSE:TGT) Shares Bought by Oakworth Capital Inc.

Oakworth Capital Inc. grew its holdings in Target Co. (NYSE:TGT) by 47.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,109 shares of the retailer’s stock after purchasing an additional 682 shares during the period. Oakworth Capital Inc.’s holdings in Target were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGT. Rakuten Securities Inc. purchased a new stake in Target in the fourth quarter valued at approximately $29,000. Tower View Wealth Management LLC grew its stake in shares of Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. First Capital Advisors Group LLC. purchased a new stake in shares of Target in the 2nd quarter valued at $31,000. Penserra Capital Management LLC acquired a new position in Target during the 4th quarter worth about $35,000. Finally, Friedenthal Financial purchased a new position in Target during the 4th quarter valued at about $45,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was 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 directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction 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 transaction, 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 SEC, which is accessible through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 over the last quarter. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on TGT shares. Royal Bank of Canada boosted their price target on shares of Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Roth Mkm upped their target price on shares of Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Telsey Advisory Group increased their target price on shares of Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Target from a “hold” rating to a “buy” rating and boosted their price target for the stock from $149.00 to $206.00 in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company increased their price objective on Target from $165.00 to $190.00 and gave the company an “overweight” 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.85.

Target Price Performance

Shares of NYSE TGT opened at $164.47 on Thursday. The stock has a market cap of $75.93 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.53 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 stock has a 50 day moving average of $162.87 and a two-hundred day moving average of $140.34. 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 announced 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. The business had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. On average, research analysts forecast that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 2.68%. Target’s dividend payout ratio (DPR) is 49.27%.

Target 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.