Target Co. (NYSE:TGT) Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC cut its stake in shares of Target Co. (NYSE:TGT) by 24.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,917 shares of the retailer’s stock after selling 608 shares during the period. Waldron Private Wealth LLC’s holdings in Target were worth $273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower View Wealth Management LLC lifted its position in Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in Target during the 2nd quarter worth approximately $31,000. Penserra Capital Management LLC acquired a new position in Target during the 4th quarter worth approximately $35,000. Impact Partnership Wealth LLC lifted its position in Target by 106.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock worth $45,000 after acquiring an additional 209 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in Target during the 4th quarter worth approximately $45,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

Shares of TGT opened at $163.31 on Wednesday. The company has a market cap of $75.40 billion, a P/E ratio of 18.29, a PEG ratio of 1.56 and a beta of 1.14. The stock has a fifty day moving average price of $162.51 and a 200 day moving average price of $140.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The firm had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. On average, research analysts forecast that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

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

Analyst Upgrades and Downgrades

TGT has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Truist Financial upped their target price on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Roth Mkm upped their target price on Target from $140.00 to $153.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Gordon Haskett upped their target price on Target from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Bank of America upped their target price on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Target presently has a consensus rating of “Moderate Buy” and an average target price of $181.85.

Insider Transactions at Target

In other news, insider Christina Hennington sold 4,600 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the company’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 disclosure for this sale can be found here. Over the last quarter, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by corporate insiders.

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.