Team Hewins LLC Invests $561,000 in Target Co. (NYSE:TGT)

Team Hewins LLC acquired a new position in Target Co. (NYSE:TGT) in the fourth quarter, HoldingsChannel reports. The firm acquired 3,937 shares of the retailer’s stock, valued at approximately $561,000.

Several other hedge funds also recently made changes to their positions in TGT. United Services Automobile Association grew its position in shares of Target by 2.9% in the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after buying an additional 1,239 shares during the period. RFG Advisory LLC bought a new position in Target in the 4th quarter worth about $605,000. Nordea Investment Management AB boosted its stake in Target by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after purchasing an additional 24,066 shares in the last quarter. Asio Capital LLC boosted its stake in Target by 109.9% in the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after purchasing an additional 14,274 shares in the last quarter. Finally, Blue Chip Partners LLC boosted its stake in Target by 5.1% in the 4th quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock worth $18,540,000 after purchasing an additional 6,348 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TGT. HSBC raised shares of Target from a “hold” rating to a “buy” rating and upped their price target for the company from $140.00 to $195.00 in a research report on Wednesday, March 6th. Robert W. Baird reissued an “outperform” rating and issued a $190.00 target price on shares of Target in a report on Thursday. Stifel Nicolaus increased their target price on shares of Target from $153.00 to $177.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Morgan Stanley cut their price objective on shares of Target from $190.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Guggenheim increased 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. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.41.

Insider Buying and Selling

In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was 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 approximately $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale 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 the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the insider now directly 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 52,600 shares of company stock worth $8,819,598 in the last quarter. 0.23% of the stock is owned by insiders.

Target Stock Up 0.4 %

NYSE TGT traded up $0.56 during trading hours on Friday, hitting $144.97. 2,756,079 shares of the company were exchanged, compared to its average volume of 3,838,725. The company has a 50 day moving average of $165.30 and a two-hundred day moving average of $149.35. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The firm has a market cap of $67.07 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.33 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The business had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that Target Co. will post 9.41 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 3.04%. Target’s dividend payout ratio is presently 49.38%.

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.