US Bancorp DE lifted its position in Target Co. (NYSE:TGT) by 0.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,585,693 shares of the retailer’s stock after buying an additional 7,326 shares during the quarter. US Bancorp DE’s holdings in Target were worth $127,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TGT. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of Target by 62.2% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. Phocas Financial Corp. purchased a new position in shares of Target during the fourth quarter valued at $25,000. Loeb Partners Corp purchased a new position in shares of Target during the fourth quarter valued at $28,000. CI Investments Inc. purchased a new position in shares of Target during the fourth quarter valued at $27,000. Finally, C J Advisory Inc purchased a new position in shares of Target during the first quarter valued at $33,000. 82.48% of the stock is currently owned by institutional investors.

In other Target news, insider Michael Edward Mcnamara sold 5,186 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $79.18, for a total value of $410,627.48. Following the completion of the sale, the insider now owns 77,550 shares of the company’s stock, valued at $6,140,409. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cathy R. Smith sold 30,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $74.00, for a total value of $2,220,000.00. The disclosure for this sale can be found here. Insiders sold 36,977 shares of company stock valued at $2,774,409 in the last ninety days. Insiders own 0.19% of the company’s stock.

A number of brokerages have recently weighed in on TGT. Zacks Investment Research upgraded Target from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Friday, March 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $88.00 price target (up previously from $86.00) on shares of Target in a report on Wednesday, March 6th. Citigroup reiterated a “neutral” rating and set a $78.00 price target on shares of Target in a report on Tuesday, February 26th. BMO Capital Markets lifted their price target on Target from $70.00 to $78.00 and gave the company a “market perform” rating in a report on Wednesday, March 6th. Finally, Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Target in a report on Friday, May 3rd. Twelve equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $88.75.

NYSE TGT traded up $1.46 on Thursday, reaching $79.02. The stock had a trading volume of 386,487 shares, compared to its average volume of 5,632,753. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.83 and a quick ratio of 0.20. Target Co. has a 1 year low of $60.15 and a 1 year high of $90.39. The company has a market capitalization of $37.10 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. Target had a return on equity of 25.74% and a net margin of 3.90%. The firm had revenue of $17.63 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Target Co. will post 5.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.24%. Target’s dividend payout ratio is currently 47.50%.

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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; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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