Target Co. (NYSE:TGT) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its stake in shares of Target Co. (NYSE:TGT) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,649 shares of the retailer’s stock after buying an additional 4,990 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Target were worth $6,216,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TGT. Larson Financial Group LLC boosted its holdings in Target by 1.3% in the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after acquiring an additional 70 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in Target by 1.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after acquiring an additional 72 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in Target by 18.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after acquiring an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC raised its position in Target by 4.4% in the third quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after purchasing an additional 80 shares during the period. Finally, iA Global Asset Management Inc. raised its position in Target by 0.4% in the third quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America raised their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. DA Davidson boosted their price objective on Target from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. boosted their price objective on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. BMO Capital Markets boosted their price objective on Target from $145.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, March 6th. Finally, Telsey Advisory Group boosted their price objective on Target from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

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 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 transaction, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The transaction was disclosed in a filing 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 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 transaction, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction 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 have sold a total of 52,600 shares of company stock valued at $8,819,598 in the last three months. 0.23% of the stock is currently owned by company insiders.

Target Price Performance

Shares of NYSE TGT traded up $0.94 during trading on Friday, hitting $165.38. The company had a trading volume of 241,587 shares, compared to its average volume of 3,672,471. The business’s 50-day moving average is $165.21 and its 200 day moving average is $142.61. 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 company has a market cap of $76.35 billion, a P/E ratio of 18.41, a PEG ratio of 1.55 and a beta of 1.14.

Target (NYSE:TGT) last announced 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. Target had a net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same period in the previous year, the business earned $1.89 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is currently 49.27%.

About Target

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.