Trillium Asset Management LLC decreased its position in shares of Target Co. (NYSE:TGT) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,837 shares of the retailer’s stock after selling 8,051 shares during the period. Trillium Asset Management LLC’s holdings in Target were worth $11,636,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Cribstone Capital Management LLC increased its stake in shares of Target by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock worth $101,000 after buying an additional 1,016 shares in the last quarter. Reilly Financial Advisors LLC increased its stake in shares of Target by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock worth $110,000 after buying an additional 874 shares in the last quarter. Pinnacle Bank acquired a new stake in shares of Target during the first quarter worth $123,000. Peoples Financial Services CORP. increased its stake in shares of Target by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock worth $125,000 after buying an additional 1,225 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. acquired a new stake in shares of Target during the first quarter worth $138,000. 88.53% of the stock is owned by institutional investors and hedge funds.
Shares of Target Co. (NYSE:TGT) opened at 55.52 on Friday. Target Co. has a 1-year low of $52.72 and a 1-year high of $79.33. The firm has a market capitalization of $30.63 billion, a price-to-earnings ratio of 11.38 and a beta of 0.63. The company’s 50-day moving average is $55.55 and its 200 day moving average is $63.29.
Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, topping the consensus estimate of $0.91 by $0.30. Target had a net margin of 4.75% and a return on equity of 25.18%. The company had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. During the same quarter in the previous year, the company earned $1.29 EPS. Target’s revenue was down 1.1% on a year-over-year basis. On average, analysts expect that Target Co. will post $4.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, May 15th. Target’s dividend payout ratio is 42.93%.
A number of equities research analysts recently weighed in on TGT shares. Cowen and Company lowered their price objective on shares of Target to $64.00 in a research report on Wednesday, March 1st. Instinet lowered their price objective on shares of Target to $60.00 in a research report on Wednesday, March 1st. Vetr downgraded shares of Target from a “strong-buy” rating to a “buy” rating and set a $72.80 price objective for the company. in a research report on Thursday, February 9th. Buckingham Research reaffirmed a “buy” rating and set a $71.00 price objective on shares of Target in a research report on Wednesday, April 19th. Finally, TheStreet downgraded shares of Target from a “b-” rating to a “c+” rating in a research report on Monday, March 27th. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. Target has a consensus rating of “Hold” and a consensus target price of $65.49.
In other Target news, Director Donald R. Knauss purchased 10,000 shares of the stock in a transaction dated Thursday, March 9th. The stock was bought at an average price of $54.86 per share, for a total transaction of $548,600.00. Following the transaction, the director now directly owns 16,431 shares in the company, valued at $901,404.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Don H. Liu purchased 2,000 shares of the stock in a transaction dated Monday, March 6th. The shares were acquired at an average price of $57.00 per share, with a total value of $114,000.00. Following the transaction, the insider now owns 56,983 shares in the company, valued at $3,248,031. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.
Target Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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