Vontobel Holding Ltd. Has $8.17 Million Stake in Target Co. (NYSE:TGT)

Vontobel Holding Ltd. decreased its holdings in Target Co. (NYSE:TGT) by 20.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,394 shares of the retailer’s stock after selling 15,066 shares during the period. Vontobel Holding Ltd.’s holdings in Target were worth $8,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Plancorp LLC raised its holdings in shares of Target by 2.1% in the first quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock valued at $535,000 after purchasing an additional 53 shares during the last quarter. Beacon Financial Advisory LLC grew its position in Target by 1.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after buying an additional 72 shares during the period. Janiczek Wealth Management LLC grew its position in Target by 18.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after buying an additional 78 shares during the period. VisionPoint Advisory Group LLC grew its position in Target by 4.4% during the third quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after buying an additional 80 shares during the period. Finally, iA Global Asset Management Inc. grew its position in Target by 0.4% during the third quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the sale, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,600 shares of company stock worth $8,819,598. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TGT shares. UBS Group restated a “buy” rating and set a $174.00 price target on shares of Target in a research report on Tuesday, March 5th. Royal Bank of Canada raised their price objective 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. Guggenheim raised their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Evercore ISI cut their price objective on shares of Target from $183.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday. Finally, DA Davidson raised their price objective on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Target Trading Down 1.0 %

TGT stock opened at $163.31 on Wednesday. The company has a market capitalization of $75.40 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company’s 50 day moving average price is $162.51 and its two-hundred day moving average price is $140.17. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. The firm had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.89 earnings per share. As a group, analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

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

About Target

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.