Harrington Investments INC Sells 110 Shares of Target Co. (NYSE:TGT)

Harrington Investments INC lessened its holdings in Target Co. (NYSE:TGT) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,254 shares of the retailer’s stock after selling 110 shares during the quarter. Harrington Investments INC’s holdings in Target were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Butensky & Cohen Financial Security Inc. boosted its holdings in shares of Target by 4.2% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 27,617 shares of the retailer’s stock worth $2,882,000 after buying an additional 1,103 shares during the last quarter. Radnor Capital Management LLC raised its position in Target by 6.1% in the first quarter. Radnor Capital Management LLC now owns 9,695 shares of the retailer’s stock worth $1,012,000 after acquiring an additional 561 shares during the period. Arkfeld Wealth Strategies L.L.C. raised its position in Target by 37.1% in the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,072 shares of the retailer’s stock worth $1,472,000 after acquiring an additional 4,078 shares during the period. Davis Capital Management purchased a new position in Target in the first quarter valued at about $181,000. Finally, Intellectus Partners LLC grew its position in shares of Target by 18.3% during the 1st quarter. Intellectus Partners LLC now owns 6,956 shares of the retailer’s stock valued at $726,000 after acquiring an additional 1,076 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group decreased their target price on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. KGI Securities set a $132.00 price target on Target in a research report on Wednesday, March 5th. Stifel Nicolaus cut their price target on Target from $130.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Finally, Bank of America lowered Target from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $145.00 to $105.00 in a report on Thursday, May 22nd. 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. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $116.70.

Target Stock Performance

NYSE:TGT opened at $97.33 on Friday. The stock has a market cap of $44.22 billion, a P/E ratio of 10.32, a PEG ratio of 1.94 and a beta of 1.22. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $95.24 and its two-hundred day moving average price is $116.16. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were issued a dividend of $1.12 per share. 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 dividend payout ratio is currently 49.23%.

Insider Buying and Selling

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the transaction, the insider now directly owns 246,453 shares in the company, valued at approximately $23,703,849.54. This represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by company 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.