Horan Capital Advisors LLC. Sells 470 Shares of Target Co. (NYSE:TGT)

Horan Capital Advisors LLC. trimmed its holdings in shares of Target Co. (NYSE:TGT) by 2.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,431 shares of the retailer’s stock after selling 470 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Target were worth $2,340,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TGT. Larson Financial Group LLC raised its stake in Target by 1.3% during the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after buying an additional 70 shares during the last quarter. Beacon Financial Advisory LLC lifted its stake in shares of Target by 1.0% in the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after purchasing an additional 72 shares during the period. Janiczek Wealth Management LLC boosted its position in shares of Target by 18.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after purchasing an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC grew its stake in Target by 4.4% during the third quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock worth $209,000 after purchasing an additional 80 shares during the period. Finally, iA Global Asset Management Inc. increased its holdings in Target by 0.4% in the third quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock worth $2,517,000 after purchasing an additional 83 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 346,919 shares in the company, valued at $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 in the last three months. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group restated a “buy” rating and set a $174.00 price target on shares of Target in a report on Tuesday, March 5th. The Goldman Sachs Group raised their price target on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Target from a “hold” rating to a “buy” rating and upped their price objective for the company from $149.00 to $206.00 in a report on Wednesday, March 6th. TheStreet upgraded Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, Barclays upped their price target on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research note 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 MarketBeat, Target currently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Performance

Shares of TGT opened at $158.04 on Friday. The stock has a 50 day moving average of $166.46 and a 200 day moving average of $144.72. The company has a market capitalization of $73.11 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.48 and a beta of 1.17. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11.

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. The firm had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.89 EPS. As a group, sell-side analysts forecast that Target Co. will post 9.39 earnings per share 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 paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 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.