Herold Advisors Inc. Takes $220,000 Position in Target Co. (NYSE:TGT)

Herold Advisors Inc. acquired a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,543 shares of the retailer’s stock, valued at approximately $220,000.

Several other large investors have also bought and sold shares of TGT. Tower View Wealth Management LLC grew its position in shares of 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. Rakuten Securities Inc. acquired a new stake in shares of Target in the 4th quarter worth $29,000. Impact Partnership Wealth LLC raised its holdings in shares of 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 during the period. Friedenthal Financial acquired a new position in shares of Target during the 4th quarter valued at about $45,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Target in the 4th quarter valued at approximately $49,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Deutsche Bank Aktiengesellschaft raised Target from a “hold” rating to a “buy” rating and raised their price objective for the stock from $149.00 to $206.00 in a research report on Wednesday, March 6th. The Goldman Sachs Group increased their target price on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Telsey Advisory Group boosted their price target on shares of Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI lowered 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, April 16th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.85.

Insider Transactions at Target

In related news, insider Christina Hennington sold 4,600 shares of the stock in a transaction dated Thursday, March 21st. The shares were 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 owns 38,487 shares in the company, valued at $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction 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 transaction, the insider now owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Monday, March 11th. The stock was 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 directly 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. Insiders sold a total of 52,600 shares of company stock worth $8,819,598 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Target Stock Up 0.2 %

NYSE TGT traded up $0.26 during trading on Friday, reaching $164.70. The company’s stock had a trading volume of 2,085,477 shares, compared to its average volume of 3,695,829. The stock has a market capitalization of $76.04 billion, a PE ratio of 18.44, a PEG ratio of 1.55 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86. The business has a 50-day moving average price of $165.52 and a 200-day moving average price of $143.02.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The firm had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. On average, research analysts forecast 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. Investors of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.67%. Target’s dividend payout ratio (DPR) is currently 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.