SYM FINANCIAL Corp Takes $232,000 Position in Target Co. (NYSE:TGT)

SYM FINANCIAL Corp bought a new position in Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,626 shares of the retailer’s stock, valued at approximately $232,000.

A number of other hedge funds also recently bought and sold shares of the business. Tower View Wealth Management LLC boosted its stake in shares of Target by 82.8% during 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. Rakuten Securities Inc. bought a new stake in Target during the 4th quarter valued at approximately $29,000. Friedenthal Financial purchased a new position in shares of Target during the 4th quarter worth approximately $45,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Target in the 4th quarter worth approximately $49,000. Finally, MV Capital Management Inc. lifted its stake in shares of Target by 200.8% in the 4th quarter. MV Capital Management Inc. now owns 361 shares of the retailer’s stock valued at $51,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was 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 in the company, valued at $6,576,658.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,600 shares of company stock worth $8,819,598. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research reports. Guggenheim increased their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. TheStreet raised Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Bank of America raised their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. HSBC upgraded Target from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $195.00 in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. raised their price target on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Performance

NYSE:TGT traded down $0.08 on Friday, hitting $158.04. The stock had a trading volume of 3,802,181 shares, compared to its average volume of 2,973,106. The business’s 50-day simple moving average is $166.46 and its two-hundred day simple moving average is $144.72. The stock has a market cap of $73.11 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $31.83 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, research analysts predict 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. Investors of record on Wednesday, May 15th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.78%. Target’s dividend payout ratio is currently 49.27%.

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.