Target Co. (NYSE:TGT) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in shares of Target Co. (NYSE:TGT) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,988 shares of the retailer’s stock after selling 561 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Target were worth $1,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC boosted its position 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 during the period. DAVENPORT & Co LLC lifted its holdings in Target by 42.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 467,780 shares of the retailer’s stock worth $51,602,000 after buying an additional 138,448 shares during the last quarter. Park Place Capital Corp lifted its holdings in Target by 132.1% during the 3rd quarter. Park Place Capital Corp now owns 1,272 shares of the retailer’s stock worth $141,000 after buying an additional 724 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Target by 22.6% during the 3rd quarter. Avior Wealth Management LLC now owns 3,424 shares of the retailer’s stock worth $379,000 after buying an additional 632 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new position in Target during the 3rd quarter worth approximately $314,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research reports. Royal Bank of Canada increased their price target on Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Morgan Stanley increased their price target on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. UBS Group reissued a “buy” rating and set a $174.00 price objective on shares of Target in a research note on Tuesday, March 5th. Guggenheim raised their target price on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus increased their price objective on Target from $153.00 to $177.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Eleven investment 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, Target has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Insider Buying and Selling at Target

In other Target 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 directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Target 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 directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christina Hennington sold 4,600 shares of Target stock in a transaction on 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 sale, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,600 shares of company stock valued at $8,819,598. Corporate insiders own 0.23% of the company’s stock.

Target Trading Down 0.4 %

NYSE TGT traded down $0.70 during mid-day trading on Tuesday, reaching $166.41. 770,968 shares of the stock were exchanged, compared to its average volume of 3,722,329. Target Co. has a one year low of $102.93 and a one year high of $181.86. The stock has a 50 day simple moving average of $164.04 and a 200-day simple moving average of $141.86. The stock has a market cap of $76.83 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.58 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $31.83 billion. During the same quarter last year, the firm earned $1.89 earnings per share. Target’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

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