Vaughan David Investments LLC IL Grows Stock Position in Target Co. (NYSE:TGT)

Vaughan David Investments LLC IL increased its position in shares of Target Co. (NYSE:TGTFree Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 285,225 shares of the retailer’s stock after buying an additional 6,716 shares during the quarter. Vaughan David Investments LLC IL owned about 0.06% of Target worth $40,622,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Tower View Wealth Management LLC raised its position in Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares during the period. First Capital Advisors Group LLC. purchased a new stake in shares of Target during the second quarter worth $31,000. Penserra Capital Management LLC purchased a new stake in shares of Target during the fourth quarter worth $35,000. Impact Partnership Wealth LLC increased its position in shares of Target by 106.6% during the third quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock worth $45,000 after acquiring an additional 209 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Target during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT traded down $5.21 during mid-day trading on Friday, reaching $166.12. The stock had a trading volume of 3,326,518 shares, compared to its average volume of 3,784,291. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The firm has a market capitalization of $76.70 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.61 and a beta of 1.14. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The business has a 50 day simple moving average of $161.27 and a 200 day simple moving average of $138.62.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating 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 net margin of 3.85% and a return on equity of 33.41%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 earnings per share. On average, analysts expect that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.65%. Target’s payout ratio is 49.27%.

Insider Activity

In other news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. In the last three months, insiders sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of recent research reports. Barclays upped their price objective on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Telsey Advisory Group boosted their target price on shares of Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Citigroup increased their target price on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Oppenheimer increased their target price on Target from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, UBS Group reissued a “buy” rating and issued a $174.00 target price on shares of Target in a report on Tuesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.04.

View Our Latest Stock Analysis on Target

Target Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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