SNS Financial Group LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,862 shares of the retailer’s stock after purchasing an additional 1,773 shares during the period. SNS Financial Group LLC’s holdings in Target were worth $1,027,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of TGT. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Target by 62.2% in 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 during the period. Advisory Alpha LLC acquired a new position in Target in the first quarter valued at $30,000. Icon Wealth Partners LLC acquired a new position in Target in the first quarter valued at $31,000. Larson Financial Group LLC acquired a new position in Target in the second quarter valued at $31,000. Finally, C J Advisory Inc acquired a new position in Target in the first quarter valued at $33,000. Institutional investors own 83.15% of the company’s stock.
In other Target news, insider Michael Edward Mcnamara sold 11,891 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $88.79, for a total value of $1,055,801.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Janna A. Potts sold 8,759 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $79.00, for a total transaction of $691,961.00. Following the completion of the sale, the insider now directly owns 27,720 shares of the company’s stock, valued at $2,189,880. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,180 shares of company stock valued at $2,854,650. 0.24% of the stock is currently owned by insiders.
Shares of NYSE:TGT traded up $0.06 during midday trading on Wednesday, hitting $82.83. 2,553,826 shares of the company’s stock were exchanged, compared to its average volume of 4,291,804. The company has a current ratio of 0.88, a quick ratio of 0.19 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average price is $86.74. The stock has a market cap of $41.77 billion, a P/E ratio of 15.37, a PEG ratio of 1.95 and a beta of 0.61. Target Co. has a 12 month low of $60.15 and a 12 month high of $90.39.
Target (NYSE:TGT) last posted its earnings results on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, topping the consensus estimate of $1.43 by $0.10. The company had revenue of $17.63 billion during the quarter, compared to the consensus estimate of $17.49 billion. Target had a net margin of 3.96% and a return on equity of 26.48%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 earnings per share. Analysts expect that Target Co. will post 5.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This is an increase from Target’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a dividend yield of 3.19%. Target’s payout ratio is presently 47.50%.
TGT has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Target from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Bank of America set a $105.00 target price on shares of Target and gave the company a “buy” rating in a report on Thursday, May 23rd. Sanford C. Bernstein restated a “mkt perform” rating on shares of Target in a report on Friday, May 3rd. Credit Suisse Group set a $90.00 target price on shares of Target and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Deutsche Bank raised shares of Target from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.00 to $99.00 in a research note on Monday. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $90.52.
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 décor products, electronics, toys, seasonal offerings, and other merchandise.
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