Tilt Investment Management Holdings PBC Cuts Stake in Target Co. (NYSE:TGT)

Tilt Investment Management Holdings PBC lessened its stake in shares of Target Co. (NYSE:TGT) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,863 shares of the retailer’s stock after selling 564 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in Target were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Target by 1.6% during the third quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock valued at $4,923,428,000 after purchasing an additional 702,565 shares during the period. State Street Corp boosted its stake in shares of Target by 4.6% during the first quarter. State Street Corp now owns 34,570,634 shares of the retailer’s stock valued at $5,725,904,000 after purchasing an additional 1,529,881 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of Target by 95,980.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after purchasing an additional 18,518,448 shares during the period. Geode Capital Management LLC boosted its stake in shares of Target by 1.0% during the first quarter. Geode Capital Management LLC now owns 8,300,283 shares of the retailer’s stock valued at $1,371,516,000 after purchasing an additional 80,027 shares during the period. Finally, FMR LLC boosted its stake in shares of Target by 26.5% during the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock valued at $747,699,000 after purchasing an additional 1,415,900 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TGT. Wells Fargo & Company upped their target price on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Morgan Stanley upped their target price on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Guggenheim upped their target price on Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. TheStreet upgraded Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Finally, Bank of America upped their target price on Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Target Trading Up 0.6 %

Target stock opened at $167.55 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. Target Co. has a one year low of $102.93 and a one year high of $181.86. The stock has a market capitalization of $77.36 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The business’s fifty day moving average is $163.25 and its 200 day moving average is $140.52.

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

Target Dividend Announcement

The firm 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 dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.63%. Target’s dividend payout ratio (DPR) is presently 49.27%.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the insider now directly owns 30,527 shares in the company, valued at $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 over the last ninety days. Insiders own 0.23% of the company’s stock.

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.