Target Co. (NYSE:TGT) Shares Purchased by Oakworth Capital Inc.

Oakworth Capital Inc. grew its position in Target Co. (NYSE:TGTFree Report) by 47.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,109 shares of the retailer’s stock after buying an additional 682 shares during the period. Oakworth Capital Inc.’s holdings in Target were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. United Services Automobile Association grew its position in Target by 2.9% in the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock valued at $4,891,000 after buying an additional 1,239 shares in the last quarter. RFG Advisory LLC acquired a new stake in shares of Target in the 4th quarter worth approximately $605,000. Tower View Wealth Management LLC boosted its holdings 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 in the last quarter. Nordea Investment Management AB increased its stake in shares of Target by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock valued at $73,819,000 after acquiring an additional 24,066 shares during the period. Finally, Asio Capital LLC increased its stake in shares of Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after acquiring an additional 14,274 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TGT. Evercore ISI cut their target price on Target from $183.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday. Jefferies Financial Group upped their price target on Target from $195.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 1st. Gordon Haskett raised their price objective on Target from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Oppenheimer boosted their target price on Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus upped their target price on Target from $153.00 to $177.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Read Our Latest Stock Analysis on Target

Target Price Performance

Shares of Target stock opened at $164.47 on Thursday. The firm has a fifty day moving average price of $162.87 and a two-hundred day moving average price of $140.34. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The company has a market cap of $75.93 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14.

Target (NYSE:TGTGet Free Report) last released its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The business had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same quarter last year, the company earned $1.89 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. 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. Investors of record on Wednesday, May 15th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.68%. Target’s payout ratio is currently 49.27%.

Insider Buying and Selling

In other Target news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction that occurred 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 sale, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Target news, insider Christina Hennington sold 4,600 shares of Target 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 completion of the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $7,538,400.00. Following the completion of the sale, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Insiders sold 52,600 shares of company stock valued at $8,819,598 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Target Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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