Boyd Watterson Asset Management LLC OH Sells 312 Shares of Target Co. (NYSE:TGT)

Boyd Watterson Asset Management LLC OH trimmed its position in Target Co. (NYSE:TGT) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,091 shares of the retailer’s stock after selling 312 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Target were worth $1,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Target in the 4th quarter valued at about $29,000. Tower View Wealth Management LLC boosted its stake in 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 purchasing an additional 106 shares during the last quarter. Friedenthal Financial acquired a new position in Target during the 4th quarter valued at about $45,000. McGlone Suttner Wealth Management Inc. acquired a new position in Target during the 4th quarter valued at about $49,000. Finally, MV Capital Management Inc. boosted its stake in shares of Target by 200.8% in the 4th quarter. MV Capital Management Inc. now owns 361 shares of the retailer’s stock worth $51,000 after buying an additional 241 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TGT. Stifel Nicolaus boosted their target price on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Target from a “hold” rating to a “buy” rating and increased their target price for the stock from $149.00 to $206.00 in a report on Wednesday, March 6th. DA Davidson increased their target price on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. The Goldman Sachs Group increased their price target on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Guggenheim increased their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Trading Up 0.2 %

TGT traded up $0.30 on Friday, reaching $164.74. 2,085,518 shares of the company traded hands, compared to its average volume of 2,821,609. Target Co. has a one year low of $102.93 and a one year high of $181.86. The firm has a fifty day simple moving average of $165.52 and a two-hundred day simple moving average of $143.02. The company has a market cap of $76.06 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating 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 company had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. During the same quarter last year, the business posted $1.89 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 49.27%.

Insider Buying and Selling at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, 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 other 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 transaction, 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 can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of 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. In the last quarter, insiders have sold 52,600 shares of company stock valued at $8,819,598. Company insiders own 0.23% of the company’s stock.

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.