Boyd Watterson Asset Management LLC OH Reduces Stock Position in Target Co. (NYSE:TGT)

Boyd Watterson Asset Management LLC OH lessened its stake in shares of Target Co. (NYSE:TGT) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,091 shares of the retailer’s stock after selling 312 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Target were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Target by 15,009.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after purchasing an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Target by 37,301.2% in the 3rd quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock valued at $187,832,000 after purchasing an additional 1,694,222 shares in the last quarter. FMR LLC lifted its stake in shares of Target by 26.5% in the 3rd 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 in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Target by 56.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,839,156 shares of the retailer’s stock valued at $313,925,000 after purchasing an additional 1,022,437 shares in the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at about $87,075,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

TGT traded up $0.30 during trading on Friday, reaching $164.74. 2,085,518 shares of the company were exchanged, compared to its average volume of 2,821,609. The stock has a market cap of $76.06 billion, a P/E ratio of 18.44, a PEG ratio of 1.54 and a beta of 1.14. The firm has a 50 day moving average of $165.52 and a 200 day moving average of $143.02. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The firm had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. On average, sell-side analysts forecast that Target Co. will post 9.39 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.67%. Target’s payout ratio is 49.27%.

Analyst Ratings Changes

TGT has been the topic of several research analyst reports. Bank of America lifted their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their price target on Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 6th. TheStreet raised Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Gordon Haskett boosted their price target on Target from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Tigress Financial boosted their price target on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.85.

Insider Transactions at Target

In other news, insider Christina Hennington sold 4,600 shares of the stock in a transaction on 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 transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 346,919 shares in the company, valued at $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were 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 of the company’s stock, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by corporate insiders.

Target 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.