Kingswood Wealth Advisors LLC Grows Stock Position in Target Co. (NYSE:TGT)

Kingswood Wealth Advisors LLC increased its holdings in Target Co. (NYSE:TGTFree Report) by 43.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,660 shares of the retailer’s stock after buying an additional 3,232 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Target were worth $1,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TGT. Tower View Wealth Management LLC lifted its holdings in Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. Sittner & Nelson LLC lifted its holdings in Target by 150.6% in the 2nd quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock valued at $28,000 after purchasing an additional 128 shares in the last quarter. First Capital Advisors Group LLC. purchased a new position in Target in the 2nd quarter valued at about $31,000. Penserra Capital Management LLC purchased a new position in Target in the 4th quarter valued at about $35,000. Finally, Kenfarb & CO. lifted its holdings in Target by 81.3% in the 2nd quarter. Kenfarb & CO. now owns 290 shares of the retailer’s stock valued at $38,000 after purchasing an additional 130 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of NYSE TGT opened at $168.63 on Monday. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $175.53. The firm’s 50-day simple moving average is $151.96 and its 200 day simple moving average is $133.68. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The stock has a market cap of $77.85 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.58 and a beta of 1.13.

Target (NYSE:TGTGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate 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 previous 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. Equities 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. Shareholders 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 yield of 2.61%. Target’s payout ratio is presently 49.27%.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $58,115,870.88. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Target news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction dated 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 owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated 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 directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Telsey Advisory Group upped their price objective on shares of Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Bank of America upped their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group upped their price objective on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Guggenheim upped their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Citigroup upped their price objective on shares of Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.38.

View Our Latest Research Report on TGT

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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