Bison Wealth LLC Sells 400 Shares of Target Co. (NYSE:TGT)

Bison Wealth LLC reduced its stake in shares of Target Co. (NYSE:TGT) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,626 shares of the retailer’s stock after selling 400 shares during the quarter. Bison Wealth LLC’s holdings in Target were worth $516,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sierra Capital LLC acquired a new position in shares of Target in the 4th quarter valued at $223,000. Cullen Investment Group LTD. acquired a new position in shares of Target in the 4th quarter valued at $1,242,000. Cornercap Investment Counsel Inc. raised its stake in shares of Target by 1.1% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 16,194 shares of the retailer’s stock valued at $2,306,000 after buying an additional 175 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Target by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,261,876 shares of the retailer’s stock valued at $179,716,000 after buying an additional 27,641 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Target in the 4th quarter valued at $1,231,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 1.0 %

Shares of NYSE TGT opened at $163.31 on Wednesday. The firm has a market capitalization of $75.40 billion, a PE ratio of 18.29, a price-to-earnings-growth 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 firm’s 50-day moving average is $162.51 and its 200-day moving average is $140.17.

Target (NYSE:TGT) last issued its 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 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 EPS. Equities analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders 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 2.69%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TGT. Deutsche Bank Aktiengesellschaft upgraded shares of Target from a “hold” rating to a “buy” rating and increased their price objective for the company from $149.00 to $206.00 in a research note on Wednesday, March 6th. Telsey Advisory Group increased their price objective 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. UBS Group reiterated a “buy” rating and set a $174.00 target price on shares of Target in a research report on Tuesday, March 5th. Barclays increased their target price on shares of Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Finally, Gordon Haskett increased their target price on shares of Target from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the sale, the insider now owns 346,919 shares in the company, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock worth $8,819,598 in the last ninety days. Company insiders own 0.23% of the company’s stock.

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.