Roman Butler Fullerton & Co. Has $548,000 Position in Target Co. (NYSE:TGT)

Roman Butler Fullerton & Co. cut its position in shares of Target Co. (NYSE:TGT) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,845 shares of the retailer’s stock after selling 837 shares during the period. Roman Butler Fullerton & Co.’s holdings in Target were worth $548,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TGT. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Target by 3,577.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock worth $312,000 after purchasing an additional 1,431 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of Target by 3.3% during the 1st quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock worth $646,000 after buying an additional 96 shares during the period. Covestor Ltd boosted its holdings in shares of Target by 131.7% during the 1st quarter. Covestor Ltd now owns 702 shares of the retailer’s stock worth $149,000 after buying an additional 399 shares during the period. Merit Financial Group LLC bought a new stake in shares of Target during the 1st quarter worth about $208,000. Finally, Ergoteles LLC boosted its holdings in shares of Target by 191.5% during the 1st quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock worth $2,503,000 after buying an additional 7,748 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Telsey Advisory Group lifted their target price on shares of Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. DA Davidson boosted their price objective on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. HSBC raised shares of Target from a “hold” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $195.00 in a report on Wednesday, March 6th. Bank of America boosted their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Oppenheimer boosted their price objective on shares of Target from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.85.

Target Trading Up 1.3 %

Shares of NYSE TGT opened at $166.58 on Friday. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The firm has a 50 day moving average price of $163.25 and a two-hundred day moving average price of $140.52. The stock has a market cap of $76.91 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.57. The firm had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. As a group, equities analysts forecast that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.64%. Target’s payout ratio is presently 49.27%.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the business’s 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 completion of 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 document filed with the SEC, which is available at this hyperlink. In other news, insider Brian C. Cornell sold 45,000 shares of the business’s 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 completion of 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 document filed with the SEC, which is available at this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. Insiders sold a total of 52,600 shares of company stock worth $8,819,598 over the last three months. 0.23% of the stock is owned by insiders.

Target 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.