Spearhead Capital Advisors LLC lessened its position in Target Co. (NYSE:TGT) by 21.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 41,026 shares of the retailer’s stock after selling 11,447 shares during the period. Spearhead Capital Advisors LLC’s holdings in Target were worth $8,126,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in TGT. Wealth Alliance acquired a new stake in Target in the third quarter valued at approximately $200,000. OLD Mission Capital LLC purchased a new position in shares of Target during the third quarter valued at approximately $200,000. Kathmere Capital Management LLC purchased a new position in shares of Target during the third quarter valued at approximately $94,000. Rockland Trust Co. boosted its position in shares of Target by 1.3% during the fourth quarter. Rockland Trust Co. now owns 7,108 shares of the retailer’s stock valued at $1,255,000 after buying an additional 92 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Target by 7.5% during the fourth quarter. Private Trust Co. NA now owns 8,021 shares of the retailer’s stock valued at $1,415,000 after buying an additional 562 shares during the last quarter. 79.17% of the stock is owned by hedge funds and other institutional investors.

NYSE:TGT traded down $0.96 on Tuesday, reaching $210.32. 33,921 shares of the company’s stock traded hands, compared to its average volume of 3,694,515. The company has a quick ratio of 0.39, a current ratio of 1.05 and a debt-to-equity ratio of 0.94. The stock has a 50-day simple moving average of $199.83 and a 200-day simple moving average of $182.75. The firm has a market cap of $104.65 billion, a PE ratio of 27.98, a P/E/G ratio of 2.64 and a beta of 0.97. Target Co. has a 12 month low of $107.63 and a 12 month high of $212.82.

Target (NYSE:TGT) last issued its earnings results on Monday, March 1st. The retailer reported $2.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.54 by $0.13. Target had a return on equity of 34.94% and a net margin of 4.31%. The firm had revenue of $28 billion for the quarter, compared to analysts’ expectations of $27.42 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. The business’s revenue was up 21.0% compared to the same quarter last year. On average, equities analysts anticipate that Target Co. will post 9.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Wednesday, May 19th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, May 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.29%. Target’s dividend payout ratio (DPR) is 42.57%.

In other Target news, insider Christina Hennington sold 1,852 shares of the business’s stock in a transaction that occurred on Friday, March 19th. The stock was sold at an average price of $183.00, for a total transaction of $338,916.00. Following the sale, the insider now directly owns 25,249 shares of the company’s stock, valued at $4,620,567. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katie M. Boylan sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, April 8th. The stock was sold at an average price of $203.12, for a total value of $324,992.00. Following the sale, the insider now directly owns 15,947 shares in the company, valued at $3,239,154.64. The disclosure for this sale can be found here. Insiders sold 39,510 shares of company stock worth $8,002,521 over the last ninety days. Insiders own 0.52% of the company’s stock.

TGT has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Target from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, April 26th. Robert W. Baird cut their price objective on Target from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, March 9th. DA Davidson dropped their target price on Target from $229.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, March 9th. Stifel Nicolaus increased their target price on Target from $220.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, March 30th. Finally, BMO Capital Markets increased their target price on Target from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Tuesday, March 9th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $186.35.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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