First Command Financial Services Inc. lifted its position in Target Co. (NYSE:TGT) by 17.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 904 shares of the retailer’s stock after purchasing an additional 136 shares during the period. First Command Financial Services Inc.’s holdings in Target were worth $73,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TGT. One Capital Management LLC raised its stake in Target by 1.9% in the fourth quarter. One Capital Management LLC now owns 36,001 shares of the retailer’s stock worth $2,379,000 after buying an additional 656 shares in the last quarter. Truewealth LLC raised its stake in Target by 70.7% in the fourth quarter. Truewealth LLC now owns 881 shares of the retailer’s stock worth $58,000 after buying an additional 365 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Target by 40.9% in the fourth quarter. Lord Abbett & CO. LLC now owns 897,700 shares of the retailer’s stock worth $59,329,000 after buying an additional 260,700 shares in the last quarter. Swedbank raised its stake in Target by 4.5% in the fourth quarter. Swedbank now owns 2,349,986 shares of the retailer’s stock worth $152,655,000 after buying an additional 101,671 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Target by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 52,674 shares of the retailer’s stock worth $3,481,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 83.89% of the company’s stock.

In other news, insider Cathy R. Smith sold 30,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Harrison sold 1,791 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $80.28, for a total transaction of $143,781.48. Following the transaction, the insider now owns 12,836 shares of the company’s stock, valued at approximately $1,030,474.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,977 shares of company stock worth $2,774,409. Corporate insiders own 0.19% of the company’s stock.

NYSE:TGT traded up $1.25 during mid-day trading on Monday, hitting $81.98. The company’s stock had a trading volume of 3,291,537 shares, compared to its average volume of 4,948,183. Target Co. has a 1 year low of $60.15 and a 1 year high of $90.39. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.20 and a current ratio of 0.83. The firm has a market cap of $41.73 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 2.21 and a beta of 0.68.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. Target had a net margin of 3.90% and a return on equity of 25.74%. The company had revenue of $22.98 billion for the quarter, compared to analyst estimates of $23.05 billion. During the same period in the prior year, the company earned $1.37 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. As a group, equities research analysts predict that Target Co. will post 5.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is currently 47.50%.

A number of brokerages have recently issued reports on TGT. Deutsche Bank upped their price target on Target from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Tigress Financial reaffirmed a “buy” rating on shares of Target in a research report on Thursday, January 17th. Evercore ISI began coverage on Target in a research report on Wednesday, March 20th. They set an “in-line” rating and a $80.00 price target on the stock. Gordon Haskett raised Target from an “accumulate” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, Standpoint Research raised Target from a “hold” rating to a “buy” rating and set a $62.30 price target on the stock in a research report on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $87.25.

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Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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