Eagle Bluffs Wealth Management LLC Buys 126 Shares of Target Co. (NYSE:TGT)

Eagle Bluffs Wealth Management LLC boosted its holdings in Target Co. (NYSE:TGT) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,575 shares of the retailer’s stock after purchasing an additional 126 shares during the period. Eagle Bluffs Wealth Management LLC’s holdings in Target were worth $936,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TGT. Tower View Wealth Management LLC increased 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 acquiring an additional 106 shares during the period. First Capital Advisors Group LLC. purchased a new stake in Target in the second quarter worth about $31,000. Penserra Capital Management LLC bought a new position in shares of Target in the fourth quarter worth approximately $35,000. Impact Partnership Wealth LLC lifted its stake in shares of Target by 106.6% in the third quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock worth $45,000 after buying an additional 209 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Target in the fourth quarter worth approximately $45,000. 79.73% of the stock is owned by institutional investors.

Insider Activity at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft raised shares of Target from a “hold” rating to a “buy” rating and increased their price objective for the stock from $149.00 to $206.00 in a research note on Wednesday, March 6th. Jefferies Financial Group boosted their target price on shares of Target from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 1st. HSBC upgraded Target from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.00 to $195.00 in a research report on Wednesday, March 6th. Finally, Bank of America increased their price target on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Down 1.1 %

Target stock traded down $1.75 during mid-day trading on Tuesday, hitting $163.26. 2,236,011 shares of the company’s stock were exchanged, compared to its average volume of 3,778,889. 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 $75.38 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.56 and a beta of 1.14. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86. The stock has a 50 day moving average of $162.13 and a two-hundred day moving average of $139.80.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.57. The company had revenue of $31.47 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $1.89 earnings per share. As a group, analysts anticipate that Target Co. will post 9.39 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is presently 49.27%.

Target Company Profile

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.