Hansen & Associates Financial Group Inc. Takes Position in Target Co. (NYSE:TGT)

Hansen & Associates Financial Group Inc. purchased a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 93,916 shares of the retailer’s stock, valued at approximately $13,564,000. Target accounts for approximately 7.5% of Hansen & Associates Financial Group Inc.’s portfolio, making the stock its 4th biggest holding.

Other hedge funds have also bought and sold shares of the company. Eagle Asset Management Inc. raised its holdings in shares of Target by 24.7% in the 4th quarter. Eagle Asset Management Inc. now owns 682,069 shares of the retailer’s stock worth $97,140,000 after purchasing an additional 135,207 shares during the period. Palo DS Manager LLC bought a new position in shares of Target during the 4th quarter worth $8,585,000. Adero Partners LLC purchased a new stake in Target in the 4th quarter worth about $269,000. Tradition Wealth Management LLC raised its stake in Target by 14.2% in the 4th quarter. Tradition Wealth Management LLC now owns 13,670 shares of the retailer’s stock valued at $1,947,000 after acquiring an additional 1,703 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Target by 0.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 32,591 shares of the retailer’s stock worth $4,642,000 after purchasing an additional 217 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TGT. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price target on shares of Target in a research note on Wednesday, May 22nd. Royal Bank of Canada reduced their price target on Target from $191.00 to $181.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. Oppenheimer increased their price objective on Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. BMO Capital Markets reduced their target price on Target from $170.00 to $155.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. Finally, The Goldman Sachs Group upped their price target on Target from $176.00 to $194.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Target has an average rating of “Moderate Buy” and an average target price of $180.41.

Target Trading Up 4.2 %

Shares of NYSE TGT traded up $6.29 during midday trading on Friday, reaching $156.16. The company had a trading volume of 7,500,984 shares, compared to its average volume of 4,332,817. The firm’s fifty day moving average price is $162.94 and its 200-day moving average price is $151.27. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target Co. has a one year low of $102.93 and a one year high of $181.86. The stock has a market cap of $72.24 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The company had revenue of $24.14 billion for the quarter, compared to analysts’ expectations of $24.52 billion. During the same period last year, the company posted $2.05 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Target Co. will post 9.32 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 49.38%.

Insider Activity at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock worth $8,819,598 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

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.