Weatherly Asset Management L. P. Sells 89 Shares of Target Co. (NYSE:TGT)

Weatherly Asset Management L. P. lowered its stake in Target Co. (NYSE:TGT) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,884 shares of the retailer’s stock after selling 89 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Target were worth $2,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TGT. International Assets Investment Management LLC grew its position in shares of Target by 15,009.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock worth $250,244,000 after purchasing an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Target by 37,301.2% during the third quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after purchasing an additional 1,694,222 shares in the last quarter. FMR LLC grew its position in shares of Target by 26.5% during the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock worth $747,699,000 after purchasing an additional 1,415,900 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Target by 56.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 2,839,156 shares of the retailer’s stock worth $313,925,000 after purchasing an additional 1,022,437 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Target during the third quarter worth about $87,075,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group restated a “buy” rating and set a $174.00 price target on shares of Target in a report on Tuesday, March 5th. Oppenheimer raised their price target on Target from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, February 26th. The Goldman Sachs Group raised their price target on Target from $176.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. DA Davidson raised their price target on Target from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Roth Mkm raised their price target on Target from $140.00 to $153.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Target Trading Down 0.4 %

Shares of TGT stock traded down $0.60 on Tuesday, reaching $166.51. 1,889,685 shares of the company’s stock were exchanged, compared to its average volume of 3,736,716. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $164.04 and its 200 day simple moving average is $141.86. The stock has a market capitalization of $76.88 billion, a PE ratio of 18.71, a P/E/G ratio of 1.58 and a beta of 1.14. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. The business had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. Target’s 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. As a group, analysts forecast that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the sale, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders sold a total of 52,600 shares of company stock valued at $8,819,598 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.