Target Co. (NYSE:TGT) Shares Sold by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC trimmed its position in shares of Target Co. (NYSE:TGT) by 9.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,073 shares of the retailer’s stock after selling 550 shares during the period. Moser Wealth Advisors LLC’s holdings in Target were worth $722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Target by 1.3% during the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after acquiring an additional 70 shares in the last quarter. Welch & Forbes LLC increased its holdings in Target by 0.9% during the 4th quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock worth $1,099,000 after purchasing an additional 71 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after purchasing an additional 72 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Target by 1.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,704 shares of the retailer’s stock valued at $812,000 after purchasing an additional 76 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its stake in shares of Target by 18.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” 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 company a “neutral” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group increased their price target on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Evercore ISI lowered their price objective on Target from $183.00 to $180.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Finally, HSBC raised Target from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $195.00 in a report on Wednesday, March 6th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Performance

Shares of TGT traded up $2.71 during trading hours on Thursday, reaching $162.30. 255,482 shares of the company’s stock traded hands, compared to its average volume of 3,636,474. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The business’s fifty day simple moving average is $166.79 and its two-hundred day simple moving average is $145.90. 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 firm has a market capitalization of $75.08 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 1.48 and a beta of 1.17.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating the consensus estimate of $2.41 by $0.57. The firm 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%. Target’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. Analysts predict that Target Co. will post 9.39 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is currently 49.27%.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated 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 transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of Target 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 transaction, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction 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 sale, 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. In the last 90 days, insiders have sold 52,600 shares of company stock valued at $8,819,598. 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.