Meadow Creek Wealth Advisors LLC Acquires Shares of 3,675 Target Co. (NYSE:TGT)

Meadow Creek Wealth Advisors LLC acquired a new stake in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,675 shares of the retailer’s stock, valued at approximately $523,000.

Several other large investors have also bought and sold shares of TGT. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Target by 3,577.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock worth $312,000 after purchasing an additional 1,431 shares during the period. Zions Bancorporation N.A. raised its stake in shares of Target by 3.3% during the 1st quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock worth $646,000 after purchasing an additional 96 shares during the period. Covestor Ltd raised its stake in shares of Target by 131.7% during the 1st quarter. Covestor Ltd now owns 702 shares of the retailer’s stock worth $149,000 after purchasing an additional 399 shares during the period. Merit Financial Group LLC bought a new stake in shares of Target during the 1st quarter worth $208,000. Finally, Ergoteles LLC raised its stake in shares of Target by 191.5% during the 1st quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock worth $2,503,000 after purchasing an additional 7,748 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TGT. Guggenheim lifted their target price on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Tigress Financial lifted their price objective on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets lifted their price objective on Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Citigroup lifted their price objective on Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Finally, Evercore ISI lifted their price objective on Target from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $179.73.

Insider Transactions at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 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. Over the last 90 days, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by corporate insiders.

Target Price Performance

Shares of NYSE TGT traded up $2.45 during midday trading on Thursday, hitting $177.12. 3,715,951 shares of the company’s stock were exchanged, compared to its average volume of 3,948,292. Target Co. has a 12-month low of $102.93 and a 12-month high of $177.40. 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 has a market cap of $81.77 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.62 and a beta of 1.13. The business’s fifty day moving average price is $153.95 and its two-hundred day moving average price is $134.65.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Target’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts forecast that Target Co. will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The firm 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 2.48%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio 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.