Waldron Private Wealth LLC Sells 608 Shares of Target Co. (NYSE:TGT)

Waldron Private Wealth LLC lowered its holdings in shares of Target Co. (NYSE:TGT) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,917 shares of the retailer’s stock after selling 608 shares during the quarter. Waldron Private Wealth LLC’s holdings in Target were worth $273,000 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 company. Tower View Wealth Management LLC lifted its holdings in Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. First Capital Advisors Group LLC. bought a new stake in Target during the 2nd quarter valued at about $31,000. Penserra Capital Management LLC bought a new stake in Target during the 4th quarter valued at about $35,000. Impact Partnership Wealth LLC lifted its holdings in Target by 106.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock valued at $45,000 after buying an additional 209 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in Target during the 4th quarter valued at about $45,000. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction 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 owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Melissa K. Kremer sold 3,000 shares of the company’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 $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on 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 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. In the last quarter, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Oppenheimer lifted their price objective on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Roth Mkm raised their target price on shares of Target from $140.00 to $153.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group raised their target price on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada raised their target price on shares of Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Eleven equities research 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, Target currently has an average rating of “Moderate Buy” and an average price target of $181.85.

Target Stock Performance

Shares of NYSE TGT opened at $163.31 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The company has a 50 day simple moving average of $162.51 and a two-hundred day simple moving average of $140.17. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The stock has a market cap of $75.40 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.56 and a beta of 1.14.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $31.83 billion. During the same period in the previous year, the business posted $1.89 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts predict that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.69%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is presently 49.27%.

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.