Herold Advisors Inc. Purchases New Position in Target Co. (NYSE:TGT)

Herold Advisors Inc. acquired a new position in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,543 shares of the retailer’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Services Automobile Association grew its position in Target by 2.9% during the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock valued at $4,891,000 after buying an additional 1,239 shares during the period. RFG Advisory LLC acquired a new stake in shares of Target during the 4th quarter valued at about $605,000. Tower View Wealth Management LLC increased its stake in shares of Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. Nordea Investment Management AB raised its holdings in Target by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after purchasing an additional 24,066 shares during the period. Finally, Asio Capital LLC boosted its position in Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after purchasing an additional 14,274 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TGT shares. UBS Group reissued a “buy” rating and set a $174.00 target price on shares of Target in a report on Tuesday, March 5th. Tigress Financial raised their price objective on Target from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Truist Financial lifted their target price on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. DA Davidson increased their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Bank of America boosted their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Target presently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Insiders Place Their Bets

In related news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Melissa K. Kremer sold 3,000 shares of the 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 transaction, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the sale, the insider now 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 have sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by corporate insiders.

Target Stock Up 0.2 %

Shares of Target stock traded up $0.26 on Friday, hitting $164.70. 2,085,477 shares of the company’s stock traded hands, compared to its average volume of 3,695,829. The firm’s 50-day moving average is $165.52 and its 200 day moving average is $143.02. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The stock has a market cap of $76.04 billion, a P/E ratio of 18.44, a PEG ratio of 1.55 and a beta of 1.14. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) 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 business had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 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.