Cozad Asset Management Inc. Acquires 1,360 Shares of Target Corporation (NYSE:TGT)

Cozad Asset Management Inc. raised its holdings in Target Corporation (NYSE:TGT) by 14.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,952 shares of the retailer’s stock after acquiring an additional 1,360 shares during the quarter. Cozad Asset Management Inc.’s holdings in Target were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the period. Allianz SE bought a new position in shares of Target during the 4th quarter worth $165,000. Physician Wealth Advisors Inc. bought a new position in shares of Target during the 4th quarter worth $59,000. Wellington Management Group LLP increased its stake in shares of Target by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 56,384 shares of the retailer’s stock valued at $7,622,000 after buying an additional 6,253 shares during the period. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Target in the fourth quarter valued at about $1,052,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 2.1%

Shares of TGT stock opened at $104.19 on Wednesday. Target Corporation has a 1-year low of $87.35 and a 1-year high of $167.40. The firm has a market cap of $47.34 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 3.04 and a beta of 1.22. The company has a 50-day moving average of $99.51 and a two-hundred day moving average of $107.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a return on equity of 25.59% and a net margin of 3.95%. The company had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. During the same quarter in the prior year, the company posted $2.03 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.30%. Target’s payout ratio is presently 49.23%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Piper Sandler reiterated a “neutral” rating on shares of Target in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on Target from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Thursday, May 22nd. The Goldman Sachs Group cut their price target on Target from $101.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, May 22nd. Truist Financial boosted their price target on Target from $82.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, May 22nd. Finally, Robert W. Baird set a $100.00 price objective on Target in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $115.65.

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the transaction, the insider owned 246,453 shares of the company’s stock, valued at approximately $23,703,849.54. This represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% 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.