Target Corporation (NYSE:TGT) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in Target Corporation (NYSE:TGT) by 8.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,220 shares of the retailer’s stock after acquiring an additional 14,319 shares during the period. Asset Management One Co. Ltd.’s holdings in Target were worth $19,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TGT. Brighton Jones LLC grew its position 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. IFP Advisors Inc grew its position in Target by 20.7% during the 4th quarter. IFP Advisors Inc now owns 4,702 shares of the retailer’s stock worth $636,000 after purchasing an additional 805 shares during the period. Sentry Investment Management LLC acquired a new stake in Target during the 4th quarter worth about $232,000. Bank of New York Mellon Corp grew its position in Target by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after purchasing an additional 234,409 shares during the period. Finally, DMKC Advisory Services LLC acquired a new stake in Target during the 4th quarter worth about $1,396,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider now owns 246,453 shares in the company, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by insiders.

Target Stock Down 0.8%

TGT stock opened at $96.71 on Thursday. The firm has a market cap of $43.94 billion, a PE ratio of 10.63, a PEG ratio of 2.81 and a beta of 1.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.94. The firm’s 50 day moving average price is $95.95 and its 200-day moving average price is $113.32. Target Corporation has a one year low of $87.35 and a one year high of $167.40.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). The firm had revenue of $24.20 billion for the quarter, compared to analysts’ expectations of $24.54 billion. Target had a net margin of 3.95% and a return on equity of 25.59%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 EPS. On average, equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.63%. Target’s dividend payout ratio (DPR) is presently 49.23%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TGT. Roth Capital set a $122.00 target price on Target in a research report on Wednesday, March 5th. Cfra Research cut Target from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 17th. Truist Financial raised their target price on Target from $82.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, May 22nd. Telsey Advisory Group set a $110.00 target price on Target and gave the company a “market perform” rating in a research report on Thursday, May 22nd. Finally, Evercore ISI lowered their price objective on Target from $130.00 to $120.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $116.70.

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.