Buckley Wealth Management LLC Sells 165 Shares of Target Co. (NYSE:TGT)

Buckley Wealth Management LLC trimmed its position in Target Co. (NYSE:TGT) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,915 shares of the retailer’s stock after selling 165 shares during the quarter. Buckley Wealth Management LLC’s holdings in Target were worth $1,403,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. United Services Automobile Association boosted its position in Target by 2.9% in the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock valued at $4,891,000 after buying an additional 1,239 shares in the last quarter. RFG Advisory LLC acquired a new position in shares of Target during the fourth quarter worth $605,000. Nordea Investment Management AB lifted its holdings in shares of Target by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after purchasing an additional 24,066 shares during the period. Asio Capital LLC lifted its holdings in shares of Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after purchasing an additional 14,274 shares during the period. Finally, Blue Chip Partners LLC lifted its holdings in shares of Target by 5.1% during the fourth quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock worth $18,540,000 after purchasing an additional 6,348 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Stock Down 0.3 %

Shares of NYSE:TGT traded down $0.49 during midday trading on Friday, hitting $146.23. 1,773,225 shares of the company’s stock were exchanged, compared to its average volume of 3,860,380. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. The stock has a 50 day moving average price of $153.77 and a 200-day moving average price of $153.06. The company has a market cap of $67.65 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.02). The business had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 earnings per share. On average, sell-side analysts anticipate that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.06%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s dividend payout ratio is presently 50.28%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TGT shares. Evercore ISI lifted their price target on shares of Target from $165.00 to $166.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Tuesday, May 7th. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 target price on shares of Target in a report on Wednesday, May 22nd. Wells Fargo & Company boosted their target price on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.61.

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.