Tilt Investment Management Holdings PBC Sells 564 Shares of Target Co. (NYSE:TGT)

Tilt Investment Management Holdings PBC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,863 shares of the retailer’s stock after selling 564 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in Target were worth $265,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. United Services Automobile Association increased its position in Target by 2.9% during the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after acquiring an additional 1,239 shares during the period. RFG Advisory LLC bought a new position in Target during the fourth quarter worth about $605,000. Tower View Wealth Management LLC increased its position in Target by 82.8% during the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares during the period. Nordea Investment Management AB increased its position in Target by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after acquiring an additional 24,066 shares during the period. Finally, Asio Capital LLC increased its position in Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after acquiring an additional 14,274 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Stock Up 0.6 %

Target stock opened at $167.55 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The firm has a 50 day moving average price of $163.25 and a two-hundred day moving average price of $140.52. The firm has a market cap of $77.36 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.54 and a beta of 1.14.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) 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 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 was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 EPS. Equities analysts predict that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is currently 49.27%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent research reports. Evercore ISI lowered their price target on shares of Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a research report on Tuesday. Stifel Nicolaus increased their price objective on shares of Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Jefferies Financial Group increased their price objective on shares of Target from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Truist Financial increased their price objective on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Finally, UBS Group reiterated a “buy” rating and set a $174.00 price objective on shares of Target in a research note on Tuesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Target currently has an average rating of “Moderate Buy” and an average price target of $181.85.

Insider Activity at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction 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 owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The shares were 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 directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by company 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.