Avior Wealth Management LLC Has $449,000 Position in Target Co. (NYSE:TGT)

Avior Wealth Management LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,155 shares of the retailer’s stock after selling 269 shares during the period. Avior Wealth Management LLC’s holdings in Target were worth $449,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tower View Wealth Management LLC lifted its position in shares of Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after purchasing an additional 106 shares during the period. First Capital Advisors Group LLC. acquired a new position in shares of Target in the 2nd quarter valued at about $31,000. Penserra Capital Management LLC acquired a new position in shares of Target in the 4th quarter valued at about $35,000. Impact Partnership Wealth LLC boosted its position in shares of Target by 106.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock valued at $45,000 after purchasing an additional 209 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Target during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TGT shares. BMO Capital Markets increased their price target on Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Royal Bank of Canada increased their target price on shares of Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Truist Financial raised their price target on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Tigress Financial upped their price objective on shares of Target from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, UBS Group reissued a “buy” rating and set a $174.00 price objective on shares of Target in a research report on Tuesday, March 5th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of Target 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 completion of the sale, the insider now owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 of the company’s stock, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 in the last 90 days. Insiders own 0.23% of the company’s stock.

Target Stock Performance

NYSE TGT opened at $166.58 on Friday. 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 company has a market capitalization of $76.91 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a 50-day simple moving average of $163.25 and a 200 day simple moving average of $140.52.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Target’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts predict that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The company 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. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.64%. Target’s payout ratio is presently 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.