FourThought Financial Partners LLC Sells 809 Shares of Target Co. (NYSE:TGT)

FourThought Financial Partners LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,465 shares of the retailer’s stock after selling 809 shares during the period. FourThought Financial Partners LLC’s holdings in Target were worth $4,909,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC increased its position 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. Beacon Financial Advisory LLC lifted its holdings in Target by 1.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after acquiring an additional 72 shares during the period. Janiczek Wealth Management LLC boosted its position in Target by 18.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock worth $70,000 after purchasing an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC grew its stake in shares of Target by 4.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after purchasing an additional 80 shares during the period. Finally, iA Global Asset Management Inc. increased its position in shares of Target by 0.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after purchasing an additional 83 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Down 0.1 %

TGT stock traded down $0.08 during mid-day trading on Friday, reaching $158.04. 3,802,181 shares of the stock traded hands, compared to its average volume of 2,973,106. The business has a 50-day moving average price of $166.46 and a two-hundred day moving average price of $144.72. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The stock has a market capitalization of $73.11 billion, a PE ratio of 17.70, a PEG ratio of 1.48 and a beta of 1.17. Target Co. has a one year low of $102.93 and a one year high of $181.86.

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

Target Dividend Announcement

The business 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. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.78%. Target’s dividend payout ratio (DPR) is currently 49.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TGT. Guggenheim raised their price objective on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft raised shares of Target from a “hold” rating to a “buy” rating and raised their price objective for the stock from $149.00 to $206.00 in a report on Wednesday, March 6th. HSBC raised shares of Target from a “hold” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $195.00 in a report on Wednesday, March 6th. Evercore ISI dropped their price objective on shares of Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, Roth Mkm raised their price objective on shares of Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Insider Activity

In other news, 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 transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Target 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 transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 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. Insiders have sold a total of 52,600 shares of company stock worth $8,819,598 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

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.