Target Co. (NYSE:TGT) Shares Bought by Jacobs & Co. CA

Jacobs & Co. CA boosted its position in shares of Target Co. (NYSE:TGT) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 19,697 shares of the retailer’s stock after acquiring an additional 999 shares during the quarter. Jacobs & Co. CA’s holdings in Target were worth $2,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Tower View Wealth Management LLC raised its stake in shares of Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares during the last quarter. Sittner & Nelson LLC raised its stake in shares of Target by 150.6% during the 2nd quarter. Sittner & Nelson LLC now owns 213 shares of the retailer’s stock valued at $28,000 after buying an additional 128 shares during the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Target during the 2nd quarter valued at about $31,000. Penserra Capital Management LLC purchased a new position in shares of Target during the 4th quarter valued at about $35,000. Finally, Kenfarb & CO. raised its stake in shares of Target by 81.3% during the 2nd quarter. Kenfarb & CO. now owns 290 shares of the retailer’s stock valued at $38,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TGT shares. Bank of America lifted their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets lifted their price target on Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. Stifel Nicolaus lifted their price target on Target from $153.00 to $177.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Telsey Advisory Group lifted their price target on Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Tigress Financial lifted their price target on Target from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.73.

Insider Activity

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the firm’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 sale, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 52,600 shares of company stock worth $8,819,598. Corporate insiders own 0.23% of the company’s stock.

Target Trading Up 1.2 %

Shares of Target stock opened at $174.67 on Thursday. The firm has a market capitalization of $80.64 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.62 and a beta of 1.13. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $175.53. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The stock has a 50 day moving average of $153.23 and a 200 day moving average of $134.36.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts predict that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is currently 49.27%.

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.