1,410 Shares in Target Co. (NYSE:TGT) Purchased by Schnieders Capital Management LLC

Schnieders Capital Management LLC purchased a new position in shares of Target Co. (NYSE:TGT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,410 shares of the retailer’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in Target during the 4th quarter worth about $29,000. Tower View Wealth Management LLC raised its holdings in Target by 82.8% during 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 last quarter. Friedenthal Financial bought a new stake in Target during the 4th quarter worth about $45,000. McGlone Suttner Wealth Management Inc. bought a new stake in Target during the 4th quarter worth about $49,000. Finally, MV Capital Management Inc. raised its holdings in Target by 200.8% during the 4th quarter. MV Capital Management Inc. now owns 361 shares of the retailer’s stock worth $51,000 after purchasing an additional 241 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. BMO Capital Markets upped their price target on Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Wells Fargo & Company upped their price target on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Truist Financial upped their price target on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Finally, Telsey Advisory Group upped their price target on Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.85.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of Target 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 completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $7,538,400.00. Following the sale, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Insiders sold 52,600 shares of company stock valued at $8,819,598 in the last quarter. 0.23% of the stock is currently owned by insiders.

Target Stock Down 0.7 %

Shares of NYSE TGT traded down $1.17 during trading hours on Wednesday, hitting $165.34. The company had a trading volume of 2,548,474 shares, compared to its average volume of 3,712,788. The stock has a market capitalization of $76.34 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86. The firm’s 50 day moving average is $164.45 and its 200-day moving average is $142.30.

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

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend 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.