CMH Wealth Management LLC Acquires 14,719 Shares of Target Co. (NYSE:TGT)

CMH Wealth Management LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 31.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,420 shares of the retailer’s stock after acquiring an additional 14,719 shares during the period. CMH Wealth Management LLC’s holdings in Target were worth $6,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TGT. Brighton Jones LLC grew its position in Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after acquiring an additional 3,059 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in Target during the fourth quarter valued at approximately $300,000. Golden State Wealth Management LLC bought a new position in Target during the fourth quarter valued at approximately $90,000. Joel Isaacson & Co. LLC grew its position in Target by 30.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 3,349 shares of the retailer’s stock valued at $453,000 after acquiring an additional 783 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of Target by 29.9% in the fourth quarter. Apollon Wealth Management LLC now owns 12,106 shares of the retailer’s stock worth $1,637,000 after purchasing an additional 2,787 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

TGT opened at $97.33 on Monday. The stock has a 50-day moving average price of $95.24 and a 200-day moving average price of $116.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market cap of $44.22 billion, a PE ratio of 10.32, a P/E/G ratio of 1.94 and a beta of 1.22. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). The company 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%. Target’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.03 EPS. Sell-side analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on TGT. Truist Financial raised their target price on shares of Target from $82.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 22nd. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Jefferies Financial Group cut their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Baird R W cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, Robert W. Baird set a $100.00 target price on shares of Target in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $116.70.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of Target 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 owns 246,453 shares of the company’s stock, valued at $23,703,849.54. The trade was a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

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.