Access Financial Services Inc. lifted its position in Target Co. (NYSE:TGT – Get Rating) by 31.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,246 shares of the retailer's stock after buying an additional 2,222 shares during the period. Access Financial Services Inc.'s holdings in Target were worth $1,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGT. 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 buying an additional 53 shares during the last quarter. Physicians Financial Services Inc. raised its holdings in shares of Target by 0.4% in the second quarter. Physicians Financial Services Inc. now owns 14,882 shares of the retailer's stock valued at $2,102,000 after buying an additional 59 shares during the last quarter. Oliver Lagore Vanvalin Investment Group raised its holdings in Target by 13.5% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 506 shares of the retailer's stock worth $75,000 after purchasing an additional 60 shares in the last quarter. Titleist Asset Management LTD. lifted its position in Target by 1.7% in the third quarter. Titleist Asset Management LTD. now owns 3,644 shares of the retailer's stock valued at $541,000 after purchasing an additional 62 shares during the period. Finally, Enterprise Financial Services Corp boosted its holdings in Target by 1.7% in the 3rd quarter. Enterprise Financial Services Corp now owns 3,774 shares of the retailer's stock valued at $560,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 78.86% of the company's stock.

Target Stock Up 0.8 %

Shares of Target stock traded up $1.24 on Monday, hitting $157.46. 700,130 shares of the company's stock traded hands, compared to its average volume of 3,253,201. The company has a quick ratio of 0.22, a current ratio of 0.92 and a debt-to-equity ratio of 1.43. The firm's 50-day moving average is $166.27 and its 200 day moving average is $160.50. The stock has a market cap of $72.49 billion, a P/E ratio of 26.12, a PEG ratio of 1.26 and a beta of 1.05. Target Co. has a 52-week low of $137.16 and a 52-week high of $254.87.

Target (NYSE:TGT – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The retailer reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.49. The business had revenue of $31.40 billion during the quarter, compared to analyst estimates of $30.73 billion. Target had a net margin of 2.55% and a return on equity of 25.63%. The business's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.19 earnings per share. Equities analysts anticipate that Target Co. will post 8.35 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Wednesday, May 17th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.74%. Target's payout ratio is 72.24%.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 35,000 shares of the business's stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $158.98, for a total transaction of $5,564,300.00. Following the completion of the sale, the insider now owns 191,272 shares in the company, valued at $30,408,422.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TGT. Piper Sandler raised their price target on Target from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, February 8th. Raymond James lifted their price target on Target from $185.00 to $195.00 and gave the company a "strong-buy" rating in a research note on Thursday, March 2nd. Morgan Stanley restated an "equal weight" rating and issued a $155.00 price target on shares of Target in a research note on Monday, February 13th. Barclays assumed coverage on Target in a research note on Tuesday, February 7th. They issued an "equal weight" rating and a $163.00 price target on the stock. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $185.00 price target on shares of Target in a research note on Wednesday, March 1st. Thirteen research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Target currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.69.

Target Profile

(Get Rating)

Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.

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