Atria Wealth Solutions Inc. Increases Position in Target Co. (NYSE:TGT)

Atria Wealth Solutions Inc. lifted its holdings in shares of Target Co. (NYSE:TGT) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,649 shares of the retailer’s stock after acquiring an additional 4,990 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Target were worth $6,216,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Target by 1.6% in the third quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock valued at $4,923,428,000 after buying an additional 702,565 shares during the last quarter. FMR LLC grew its holdings in shares of Target by 26.5% during the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock valued at $747,699,000 after purchasing an additional 1,415,900 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Target by 2.7% during the third quarter. Northern Trust Corp now owns 5,146,067 shares of the retailer’s stock valued at $569,001,000 after purchasing an additional 134,262 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Target by 8.8% during the third quarter. Stifel Financial Corp now owns 3,569,969 shares of the retailer’s stock valued at $394,739,000 after purchasing an additional 287,748 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Target by 3.8% during the third quarter. Invesco Ltd. now owns 3,469,168 shares of the retailer’s stock valued at $383,586,000 after purchasing an additional 127,491 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,600 shares of company stock valued at $8,819,598. Corporate insiders own 0.23% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT traded up $0.94 during mid-day trading on Friday, hitting $165.38. The company had a trading volume of 241,587 shares, compared to its average volume of 3,672,471. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The business’s 50-day simple moving average is $165.21 and its 200-day simple moving average is $142.61. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The firm has a market cap of $76.35 billion, a P/E ratio of 18.41, a PEG ratio of 1.55 and a beta of 1.14.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (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 firm had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders 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 dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several analyst reports. Barclays boosted their price objective on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Roth Mkm boosted their price objective on Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Citigroup boosted their price objective on Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Telsey Advisory Group boosted their price objective on Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, UBS Group restated a “buy” rating and issued a $174.00 target price on shares of Target in a research report on Tuesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.85.

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.