Cwm LLC Grows Position in Target Co. (NYSE:TGT)

Cwm LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 198.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,469 shares of the retailer’s stock after purchasing an additional 36,864 shares during the quarter. Cwm LLC’s holdings in Target were worth $7,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Tower View Wealth Management LLC boosted its holdings 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 acquiring an additional 106 shares during the period. Rakuten Securities Inc. purchased a new position in Target during the 4th quarter valued at about $29,000. Impact Partnership Wealth LLC boosted its holdings in 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 acquiring an additional 209 shares during the period. Friedenthal Financial purchased a new position in Target during the 4th quarter valued at about $45,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Target during the 4th quarter valued at about $49,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was 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 $6,576,658.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on TGT shares. UBS Group restated a “buy” rating and set a $174.00 target price on shares of Target in a report on Tuesday, March 5th. Evercore ISI reduced their price target on Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised Target from a “hold” rating to a “buy” rating and increased their price target for the company from $149.00 to $206.00 in a research report on Wednesday, March 6th. Citigroup increased their price target on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Finally, Truist Financial increased their price target on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Target Price Performance

Shares of NYSE TGT opened at $167.11 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a 50 day moving average of $164.04 and a two-hundred day moving average of $141.86. The stock has a market cap of $77.15 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.58 and a beta of 1.14.

Target (NYSE:TGT) last issued 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 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 analysts’ expectations of $31.83 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts forecast that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

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 $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio is currently 49.27%.

Target Company 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.