Clean Yield Group Sells 180 Shares of Target Co. (NYSE:TGT)

Clean Yield Group lowered its position in shares of Target Co. (NYSE:TGT) by 6.8% in the first quarter, Holdings Channel reports. The institutional investor owned 2,474 shares of the retailer’s stock after selling 180 shares during the period. Clean Yield Group’s holdings in Target were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Target by 32.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 22,679 shares of the retailer’s stock worth $3,066,000 after acquiring an additional 5,573 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its position in shares of Target by 19.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,228 shares of the retailer’s stock worth $707,000 after acquiring an additional 860 shares in the last quarter. Consolidated Portfolio Review Corp bought a new stake in Target during the fourth quarter worth $300,000. Finally, Leo Wealth LLC boosted its stake in Target by 153.0% in the fourth quarter. Leo Wealth LLC now owns 4,357 shares of the retailer’s stock valued at $589,000 after buying an additional 2,635 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the transaction, the insider now owns 246,453 shares of the company’s stock, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company’s stock.

Target Stock Up 4.1%

Target stock opened at $97.33 on Friday. The firm has a 50 day moving average price of $95.24 and a 200-day moving average price of $116.12. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The company has a market capitalization of $44.22 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.94 and a beta of 1.22.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). The firm had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business posted $2.03 EPS. As a group, equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Wednesday, May 14th. Target’s payout ratio is 49.23%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research analyst reports. Guggenheim lowered their price objective on shares of Target from $155.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, May 27th. Wells Fargo & Company reduced their price objective on Target from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on Target from $105.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Roth Capital set a $122.00 price target on Target in a research note on Wednesday, March 5th. Finally, Sanford C. Bernstein downgraded shares of Target from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $97.00 to $82.00 in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $116.70.

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.