Carret Asset Management LLC Purchases 380 Shares of Target Co. (NYSE:TGT)

Carret Asset Management LLC grew its stake in shares of Target Co. (NYSE:TGT) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 53,404 shares of the retailer’s stock after purchasing an additional 380 shares during the quarter. Target comprises 1.0% of Carret Asset Management LLC’s portfolio, making the stock its 19th biggest holding. Carret Asset Management LLC’s holdings in Target were worth $7,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower View Wealth Management LLC grew its stake in shares of Target by 82.8% during the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Target in the fourth quarter worth about $29,000. Impact Partnership Wealth LLC grew its stake in shares of Target by 106.6% in the third quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock worth $45,000 after purchasing an additional 209 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Target in the fourth quarter worth about $45,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Target in the fourth quarter worth about $49,000. 79.73% of the stock is owned by institutional investors.

Target Stock Down 0.7 %

NYSE TGT traded down $1.14 during mid-day trading on Wednesday, reaching $165.37. The stock had a trading volume of 2,630,551 shares, compared to its average volume of 3,722,639. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The stock has a market cap of $76.35 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. The company has a fifty day moving average price of $164.45 and a 200 day moving average price of $142.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business earned $1.89 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts expect that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus raised their target price on Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. HSBC raised Target from a “hold” rating to a “buy” rating and raised their target price for the stock from $140.00 to $195.00 in a research note on Wednesday, March 6th. Truist Financial raised their target price on Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. DA Davidson raised their price objective on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.