Ifrah Financial Services Inc. Sells 168 Shares of Target Co. (NYSE:TGT)

Ifrah Financial Services Inc. decreased its position in shares of Target Co. (NYSE:TGT) by 7.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,186 shares of the retailer’s stock after selling 168 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Target were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Larson Financial Group LLC increased its stake in Target by 1.3% in the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after acquiring an additional 70 shares during the last quarter. Beacon Financial Advisory LLC boosted its position in 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 buying an additional 72 shares during the period. Janiczek Wealth Management LLC grew its stake in Target by 18.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock worth $70,000 after purchasing an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC increased its stake in shares of Target by 4.4% during the third quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after buying an additional 80 shares during the period. Finally, iA Global Asset Management Inc. boosted its stake in shares of Target by 0.4% during 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 in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of the firm’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 completion of the sale, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were 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 directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by corporate insiders.

Target Stock Performance

Shares of TGT traded down $0.08 during trading hours on Friday, hitting $158.04. The stock had a trading volume of 3,802,181 shares, compared to its average volume of 2,973,106. The firm has a 50-day moving average price of $166.46 and a 200 day moving average price of $144.72. 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 fifty-two week low of $102.93 and a fifty-two week high of $181.86. The firm 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 (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. The company had revenue of $31.47 billion during the quarter, compared to analyst estimates of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 EPS. As a group, research analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.78%. Target’s dividend payout ratio (DPR) is currently 49.27%.

Analysts Set New Price Targets

TGT has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on shares of Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. TheStreet raised shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. BMO Capital Markets lifted their price target on shares of Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Guggenheim increased their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Citigroup raised their price objective on Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

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.