Insight 2811 Inc. Sells 1,092 Shares of Target Co. (NYSE:TGT)

Insight 2811 Inc. reduced its position in Target Co. (NYSE:TGT) by 11.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,667 shares of the retailer’s stock after selling 1,092 shares during the quarter. Insight 2811 Inc.’s holdings in Target were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc grew its stake in shares of Target by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 38,331,487 shares of the retailer’s stock valued at $3,381,221,000 after acquiring an additional 151,096 shares during the period. Advisors Asset Management Inc. boosted its stake in Target by 116.0% in the fourth quarter. Advisors Asset Management Inc. now owns 40,167 shares of the retailer’s stock valued at $2,655,000 after acquiring an additional 21,573 shares during the period. TD Asset Management Inc. boosted its stake in Target by 1.2% in the fourth quarter. TD Asset Management Inc. now owns 218,244 shares of the retailer’s stock valued at $14,423,000 after acquiring an additional 2,599 shares during the period. Camden National Bank boosted its stake in Target by 3.1% in the fourth quarter. Camden National Bank now owns 75,026 shares of the retailer’s stock valued at $4,958,000 after acquiring an additional 2,236 shares during the period. Finally, Investors Research Corp boosted its stake in Target by 0.8% in the fourth quarter. Investors Research Corp now owns 17,742 shares of the retailer’s stock valued at $1,173,000 after acquiring an additional 142 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Janna A. Potts sold 8,759 shares of the stock in a transaction on Thursday, May 23rd. The shares were 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 in the company, valued at $2,189,880. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Stephanie A. Lundquist sold 8,367 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $88.01, for a total transaction of $736,379.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,080 shares of company stock valued at $1,942,629. 0.19% of the stock is currently owned by insiders.

Shares of Target stock traded up $0.33 on Monday, reaching $86.94. 4,780,600 shares of the stock were exchanged, compared to its average volume of 5,167,261. The firm’s 50 day simple moving average is $82.50. Target Co. has a one year low of $60.15 and a one year high of $90.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.19 and a current ratio of 0.88. The stock has a market cap of $44.37 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.07 and a beta of 0.60.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 22nd. The retailer reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.10. Target had a net margin of 3.96% and a return on equity of 26.48%. The company had revenue of $17.63 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the prior year, the firm posted $1.32 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, research analysts predict that Target Co. will post 5.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, August 20th. This is an increase from Target’s previous quarterly dividend of $0.64. Target’s dividend payout ratio is 47.50%.

A number of research analysts have commented on the stock. Gordon Haskett upgraded shares of Target from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Friday, March 8th. Credit Suisse Group set a $90.00 target price on shares of Target and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Bank of America set a $105.00 target price on shares of Target and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Barclays restated a “buy” rating and set a $95.00 target price on shares of Target in a research report on Thursday, May 30th. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Target currently has an average rating of “Buy” and a consensus target price of $89.25.

Target Profile

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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Institutional Ownership by Quarter for Target (NYSE:TGT)

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