TRUE Private Wealth Advisors Sells 12,152 Shares of Target Co. (TGT)

TRUE Private Wealth Advisors decreased its holdings in shares of Target Co. (NYSE:TGT) by 70.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,129 shares of the retailer’s stock after selling 12,152 shares during the period. TRUE Private Wealth Advisors’ holdings in Target were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TGT. Phocas Financial Corp. bought a new position in shares of Target during the fourth quarter worth about $25,000. CI Investments Inc. bought a new position in shares of Target during the fourth quarter worth about $27,000. Loeb Partners Corp bought a new position in shares of Target during the fourth quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of Target by 62.2% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new position in shares of Target during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 83.86% of the company’s stock.

In other Target news, insider Cathy R. Smith sold 30,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $74.00, for a total value of $2,220,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Harrison sold 1,791 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $80.28, for a total transaction of $143,781.48. Following the completion of the sale, the insider now directly owns 12,836 shares of the company’s stock, valued at $1,030,474.08. The disclosure for this sale can be found here. Insiders sold 36,977 shares of company stock valued at $2,774,409 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.

TGT stock opened at $77.12 on Friday. The stock has a market capitalization of $39.82 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.12 and a beta of 0.68. Target Co. has a fifty-two week low of $60.15 and a fifty-two week high of $90.39. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.83 and a quick ratio of 0.20.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.05 billion. Target had a net margin of 3.90% and a return on equity of 25.74%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. On average, analysts anticipate that Target Co. will post 5.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 3.32%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is currently 47.50%.

TGT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Friday, March 8th. Gordon Haskett upgraded shares of Target from an “accumulate” rating to a “buy” rating in a research report on Thursday, March 21st. Tigress Financial restated a “buy” rating on shares of Target in a research report on Thursday, January 17th. Deutsche Bank upped their price target on shares of Target from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Finally, Evercore ISI initiated coverage on shares of Target in a research report on Wednesday, March 20th. They set an “in-line” rating and a $80.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.44.

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Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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