Schwarz Dygos Wheeler Investment Advisors LLC Sells 97 Shares of Target Co. (NYSE:TGT)

Schwarz Dygos Wheeler Investment Advisors LLC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,616 shares of the retailer’s stock after selling 97 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Target were worth $1,818,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Target by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock worth $4,923,428,000 after purchasing an additional 702,565 shares in the last quarter. FMR LLC increased its holdings in shares of Target by 26.5% during the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock worth $747,699,000 after buying an additional 1,415,900 shares in the last quarter. Northern Trust Corp raised its stake in shares of Target by 2.7% in the third quarter. Northern Trust Corp now owns 5,146,067 shares of the retailer’s stock valued at $569,001,000 after acquiring an additional 134,262 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Target by 8.8% in the 3rd quarter. Stifel Financial Corp now owns 3,569,969 shares of the retailer’s stock worth $394,739,000 after acquiring an additional 287,748 shares in the last quarter. Finally, Invesco Ltd. grew its position in Target by 3.8% during the 3rd quarter. Invesco Ltd. now owns 3,469,168 shares of the retailer’s stock worth $383,586,000 after acquiring an additional 127,491 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 0.2 %

Shares of Target stock traded up $0.30 during trading hours on Friday, hitting $164.74. The company’s stock had a trading volume of 2,085,518 shares, compared to its average volume of 2,821,609. The company has a market capitalization of $76.06 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The stock has a 50 day moving average of $165.52 and a 200 day moving average of $143.02. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same period last year, the company posted $1.89 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts predict that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.27%.

Insider Buying and Selling at Target

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the company’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 transaction of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TGT. Evercore ISI cut their price objective on Target from $183.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Stifel Nicolaus boosted their target price on shares of Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Bank of America increased their price target on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. DA Davidson boosted their price objective on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Telsey Advisory Group increased their price objective on Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

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.