1,518 Shares in Target Co. (NYSE:TGT) Purchased by Invera Wealth Advisors LLC

Invera Wealth Advisors LLC purchased a new stake in shares of Target Co. (NYSE:TGT) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,518 shares of the retailer’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tower View Wealth Management LLC lifted its stake in Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Target during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. purchased a new stake in Target in the fourth quarter worth $29,000. Private Wealth Management Group LLC bought a new position in Target in the fourth quarter worth $29,000. Finally, Scarborough Advisors LLC purchased a new position in Target during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were 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 approximately $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were 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 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 quarter, insiders have sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by insiders.

Target Stock Performance

TGT traded down $1.01 during mid-day trading on Monday, reaching $163.73. 2,737,106 shares of the company traded hands, compared to its average volume of 3,683,991. The company’s fifty day moving average price is $165.80 and its 200-day moving average price is $143.87. The stock has a market capitalization of $75.59 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.54 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 52-week low of $102.93 and a 52-week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $31.83 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. Target’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

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 paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Morgan Stanley raised their target price on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their price target on Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 6th. Guggenheim raised 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. Finally, Citigroup boosted their target price on Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $181.85.

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.