Dorsey & Whitney Trust CO LLC Sells 1,567 Shares of Target Corporation $TGT

Dorsey & Whitney Trust CO LLC cut its position in Target Corporation (NYSE:TGT) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,866 shares of the retailer’s stock after selling 1,567 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Target were worth $4,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Target by 407.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after purchasing an additional 12,825,586 shares in the last quarter. Northern Trust Corp lifted its stake in Target by 16.3% in the 4th quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer’s stock worth $726,814,000 after purchasing an additional 754,883 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after purchasing an additional 1,406,653 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Target by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock worth $542,020,000 after purchasing an additional 370,967 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Target by 61.2% in the 4th quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock worth $536,407,000 after purchasing an additional 1,506,275 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TGT. Wedbush reiterated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Citigroup lowered their price objective on shares of Target from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Thursday, May 22nd. Evercore ISI raised their price objective on shares of Target from $104.00 to $108.00 and gave the company an “in-line” rating in a research report on Tuesday, August 12th. Loop Capital set a $95.00 price objective on shares of Target in a research report on Thursday, July 17th. Finally, Mizuho decreased their target price on shares of Target from $92.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, May 22nd. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $115.42.

Target Price Performance

Shares of Target stock opened at $105.4440 on Wednesday. The firm has a market cap of $47.91 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 3.03 and a beta of 1.22. Target Corporation has a 12-month low of $87.35 and a 12-month high of $167.40. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. The company’s fifty day simple moving average is $102.02 and its two-hundred day simple moving average is $104.40.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.35). The firm had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. Target had a return on equity of 25.59% and a net margin of 3.95%.Target’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. As a group, equities analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.2%. Target’s payout ratio is presently 50.11%.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the sale, the insider owned 246,453 shares of the company’s stock, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

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.