Ausdal Financial Partners Inc. Reduces Stock Holdings in Target Co. (NYSE:TGT)

Ausdal Financial Partners Inc. lowered its holdings in shares of Target Co. (NYSE:TGTFree Report) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,643 shares of the retailer’s stock after selling 166 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Target were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Target by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock worth $4,923,428,000 after acquiring an additional 702,565 shares in the last quarter. State Street Corp raised its position in shares of Target by 4.6% during the 1st 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 lifted its stake in shares of Target by 95,980.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after buying an additional 18,518,448 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Target by 35.4% in the 2nd quarter. Franklin Resources Inc. now owns 8,973,381 shares of the retailer’s stock worth $1,183,589,000 after buying an additional 2,343,668 shares during the period. Finally, Geode Capital Management LLC increased its stake in Target by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 8,443,280 shares of the retailer’s stock worth $1,110,515,000 after buying an additional 142,997 shares in the last quarter. Institutional investors own 78.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TGT shares. JPMorgan Chase & Co. upped their price objective on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. DA Davidson increased their price objective on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Wells Fargo & Company upped their target price on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. UBS Group reiterated a “buy” rating and issued a $174.00 price target on shares of Target in a report on Tuesday, March 5th. Finally, Stifel Nicolaus increased their price objective on shares of Target from $153.00 to $177.00 and gave the company a “hold” 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. According to data from MarketBeat.com, Target has an average rating of “Moderate Buy” and an average price target of $178.38.

Get Our Latest Report on TGT

Target Trading Up 1.3 %

Shares of NYSE:TGT opened at $170.48 on Thursday. The company has a market capitalization of $78.71 billion, a PE ratio of 19.09, a P/E/G ratio of 1.58 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Target Co. has a 12-month low of $102.93 and a 12-month high of $175.53. The business’s fifty day simple moving average is $150.32 and its 200-day simple moving average is $132.73.

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 business had revenue of $31.47 billion during 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 company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 earnings per share. As a group, equities research analysts predict that Target Co. will post 9.39 earnings per share 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 given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.58%. Target’s payout ratio is 49.27%.

Insider Buying and Selling

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction dated 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 $5,038,481.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Melissa K. Kremer sold 3,000 shares of Target 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 directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated 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 sale, the insider now directly 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. 0.23% of the stock is owned by company insiders.

Target Company Profile

(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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