Team Hewins LLC Buys Shares of 3,937 Target Co. (NYSE:TGT)

Team Hewins LLC bought a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,937 shares of the retailer’s stock, valued at approximately $561,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Target by 1.6% in the third quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock valued at $4,923,428,000 after buying an additional 702,565 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Target by 9.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,163,864 shares of the retailer’s stock valued at $1,447,538,000 after buying an additional 868,274 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Target by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 9,531,846 shares of the retailer’s stock valued at $1,357,525,000 after buying an additional 137,180 shares during the period. FMR LLC boosted its holdings in shares of Target by 26.5% in the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock valued at $747,699,000 after buying an additional 1,415,900 shares during the period. Finally, Norges Bank acquired a new position in shares of Target in the fourth quarter valued at approximately $759,810,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.4 %

Shares of NYSE TGT traded up $0.56 during mid-day trading on Friday, reaching $144.97. 2,756,079 shares of the company were exchanged, compared to its average volume of 3,838,725. The firm has a 50-day moving average of $165.30 and a 200 day moving average of $149.35. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The stock has a market cap of $67.07 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.33 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The firm had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, research analysts expect that Target Co. will post 9.41 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.04%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is currently 49.38%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research analyst reports. Roth Mkm reiterated a “neutral” rating and issued a $153.00 price target on shares of Target in a report on Thursday. HSBC upgraded shares of Target from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $195.00 in a report on Wednesday, March 6th. Bank of America increased their target price on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Barclays increased their target price on shares of Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Finally, TheStreet raised shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $180.41.

Insider Buying and Selling at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of Target 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 transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. 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 Target stock in a transaction on 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 sale, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian C. Cornell sold 45,000 shares of the business’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 transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,600 shares of company stock valued at $8,819,598. Company insiders own 0.23% of the company’s stock.

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.