6,321 Shares in Target Co. (NYSE:TGT) Bought by Opinicus Capital Inc.

Opinicus Capital Inc. purchased a new position in Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,321 shares of the retailer’s stock, valued at approximately $900,000.

A number of other institutional investors have also recently modified their holdings of TGT. Counterpoint Mutual Funds LLC purchased a new stake in shares of Target in the third quarter worth $75,000. Aaron Wealth Advisors LLC grew its stake in shares of Target by 14.8% in the third quarter. Aaron Wealth Advisors LLC now owns 3,796 shares of the retailer’s stock worth $420,000 after acquiring an additional 489 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Target by 5.5% in the third quarter. Handelsbanken Fonder AB now owns 141,326 shares of the retailer’s stock worth $15,626,000 after acquiring an additional 7,377 shares during the last quarter. Simplicity Solutions LLC boosted its position in shares of Target by 1.4% during the third quarter. Simplicity Solutions LLC now owns 9,487 shares of the retailer’s stock valued at $1,049,000 after buying an additional 131 shares during the last quarter. Finally, Connecticut Wealth Management LLC boosted its position in shares of Target by 100.7% during the third quarter. Connecticut Wealth Management LLC now owns 3,342 shares of the retailer’s stock valued at $370,000 after buying an additional 1,677 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TGT. Citigroup increased their price objective on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Truist Financial increased their price objective on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group increased their price objective on Target from $176.00 to $194.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. increased their price objective on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Guggenheim increased their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report 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’s stock. According to MarketBeat.com, Target presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Target Stock Performance

Shares of NYSE TGT traded up $0.30 during trading on Friday, hitting $164.74. The company had a trading volume of 2,085,518 shares, compared to its average volume of 2,821,609. The stock has a 50 day simple moving average of $165.52 and a 200 day simple moving average of $143.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The firm has a market capitalization of $76.06 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.57. The company had revenue of $31.47 billion for 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 quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. As a group, analysts anticipate that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the firm’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 transaction of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the insider now 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. In the last 90 days, insiders have sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by company insiders.

Target Company 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.