Ethos Financial Group LLC Has $574,000 Stake in Target Co. (NYSE:TGT)

Ethos Financial Group LLC increased its position in Target Co. (NYSE:TGT) by 19.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,029 shares of the retailer’s stock after acquiring an additional 661 shares during the period. Ethos Financial Group LLC’s holdings in Target were worth $574,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TGT. United Services Automobile Association increased its position in Target by 2.9% in the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after purchasing an additional 1,239 shares during the period. RFG Advisory LLC acquired a new stake in Target in the fourth quarter worth about $605,000. Tower View Wealth Management LLC increased 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 worth $26,000 after purchasing an additional 106 shares during the period. Nordea Investment Management AB increased its position in Target by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after purchasing an additional 24,066 shares during the period. Finally, Asio Capital LLC boosted its holdings in Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after buying an additional 14,274 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 3.0 %

Shares of NYSE:TGT traded up $4.75 during trading on Thursday, hitting $164.34. 2,537,731 shares of the company were exchanged, compared to its average volume of 3,663,545. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The stock has a market cap of $76.03 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.48 and a beta of 1.17. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The firm has a fifty day moving average price of $166.96 and a two-hundred day moving average price of $146.00.

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 business had revenue of $31.47 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 EPS. As a group, research analysts anticipate that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is presently 49.27%.

Insider Buying and Selling

In related news, insider Christina Hennington sold 4,600 shares of the business’s 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 sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Christina Hennington sold 4,600 shares of the business’s 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 sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the business’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 $58,115,870.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

TGT has been the topic of a number of recent analyst reports. Roth Mkm raised their target price on Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Stifel Nicolaus lifted their price objective on Target from $153.00 to $177.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price objective on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Tigress Financial lifted their price objective on Target from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Wells Fargo & Company lifted their price objective on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.85.

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.