SNS Financial Group LLC Has $810,000 Stake in Target Co. (NYSE:TGT)

SNS Financial Group LLC grew its stake in shares of Target Co. (NYSE:TGT) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,089 shares of the retailer’s stock after buying an additional 344 shares during the period. SNS Financial Group LLC’s holdings in Target were worth $810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Phocas Financial Corp. purchased a new stake in Target in the fourth quarter worth approximately $25,000. CI Investments Inc. purchased a new stake in Target in the fourth quarter worth approximately $27,000. Loeb Partners Corp purchased a new stake in Target in the fourth quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Target by 62.2% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock worth $29,000 after buying an additional 140 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new stake in Target in the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 83.47% of the company’s stock.

In other Target news, insider Robert M. Harrison sold 1,791 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $80.28, for a total value of $143,781.48. Following the completion of the transaction, the insider now owns 12,836 shares in the company, valued at $1,030,474.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephanie A. Lundquist sold 8,367 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $88.01, for a total value of $736,379.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,103 shares of company stock valued at $1,982,750. 0.19% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on TGT. Deutsche Bank increased their price objective on Target from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Barclays raised Target from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $85.00 to $115.00 in a research note on Monday, April 29th. JPMorgan Chase & Co. raised Target from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $81.00 to $100.00 in a research note on Thursday, May 23rd. They noted that the move was a valuation call. Sanford C. Bernstein lowered Target from an “outperform” rating to a “market perform” rating and set a $76.05 price objective for the company. in a research note on Thursday, May 2nd. Finally, UBS Group increased their price objective on Target from $77.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $89.33.

Shares of Target stock traded down $0.52 during midday trading on Friday, reaching $87.78. 1,199,360 shares of the company’s stock traded hands, compared to its average volume of 6,249,969. The company has a quick ratio of 0.19, a current ratio of 0.88 and a debt-to-equity ratio of 1.21. The company has a market cap of $45.40 billion, a PE ratio of 16.29, a P/E/G ratio of 2.11 and a beta of 0.57. Target Co. has a 12 month low of $60.15 and a 12 month high of $90.39.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. The company had revenue of $17.63 billion during the quarter, compared to the consensus estimate of $17.49 billion. Target had a return on equity of 26.48% and a net margin of 3.96%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. On average, research analysts anticipate that Target Co. will post 5.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a $0.66 dividend. This is an increase from Target’s previous quarterly dividend of $0.64. This represents a $2.64 dividend on an annualized basis and a yield of 3.01%. Target’s dividend payout ratio is 47.50%.

COPYRIGHT VIOLATION WARNING: “SNS Financial Group LLC Has $810,000 Stake in Target Co. (NYSE:TGT)” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://sportsperspectives.com/2019/06/14/sns-financial-group-llc-has-810000-stake-in-target-co-nysetgt.html.

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.

Featured Article: How do candlesticks reflect price movement?

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.