Wedmont Private Capital Purchases 1,780 Shares of Target Co. (NYSE:TGT)

Wedmont Private Capital boosted its stake in shares of Target Co. (NYSE:TGTFree Report) by 80.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,001 shares of the retailer’s stock after acquiring an additional 1,780 shares during the quarter. Wedmont Private Capital’s holdings in Target were worth $567,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TGT. Vanguard Group Inc. boosted its holdings in shares of Target by 1.6% in the third quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock valued at $4,923,428,000 after purchasing an additional 702,565 shares during the period. State Street Corp boosted its holdings in shares of Target by 4.6% in the first quarter. State Street Corp now owns 34,570,634 shares of the retailer’s stock valued at $5,725,904,000 after purchasing an additional 1,529,881 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Target by 95,980.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after purchasing an additional 18,518,448 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Target by 35.4% in the second quarter. Franklin Resources Inc. now owns 8,973,381 shares of the retailer’s stock valued at $1,183,589,000 after purchasing an additional 2,343,668 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Target by 1.7% in the second quarter. Geode Capital Management LLC now owns 8,443,280 shares of the retailer’s stock valued at $1,110,515,000 after purchasing an additional 142,997 shares during the period. 78.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of analyst reports. Guggenheim upped their target price on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Citigroup upped 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. Evercore ISI upped their target price on Target from $165.00 to $180.00 and gave the stock an “in-line” rating in a report on Wednesday, March 6th. Oppenheimer upped their target price on Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, TheStreet raised Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.38.

Get Our Latest Report on TGT

Target Trading Up 2.1 %

Shares of Target stock opened at $167.61 on Tuesday. The stock has a market cap of $77.38 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.55 and a beta of 1.13. The stock’s 50 day simple moving average is $149.83 and its 200-day simple moving average is $132.43. Target Co. has a 1-year low of $102.93 and a 1-year high of $175.53. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGTGet Free Report) last released its quarterly 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 analyst estimates of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.89 EPS. Analysts predict that Target Co. will post 9.35 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is presently 49.27%.

Insider Activity

In other Target 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 sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Target 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 sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the business’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 completion of the sale, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

About Target

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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