Target Co. (NYSE:TGT) Stake Lessened by Leavell Investment Management Inc.

Leavell Investment Management Inc. trimmed its stake in shares of Target Co. (NYSE:TGT) by 12.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,643 shares of the retailer’s stock after selling 500 shares during the quarter. Leavell Investment Management Inc.’s holdings in Target were worth $292,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. First Command Bank lifted its stake in shares of Target by 17.7% in the 1st quarter. First Command Bank now owns 904 shares of the retailer’s stock valued at $73,000 after purchasing an additional 136 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of Target by 62.2% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Investors Research Corp lifted its stake in shares of Target by 0.8% in the 4th quarter. Investors Research Corp now owns 17,742 shares of the retailer’s stock valued at $1,173,000 after purchasing an additional 142 shares during the period. Savant Capital LLC lifted its stake in shares of Target by 4.0% in the 4th quarter. Savant Capital LLC now owns 4,078 shares of the retailer’s stock valued at $270,000 after purchasing an additional 155 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Target by 6.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,667 shares of the retailer’s stock valued at $176,000 after purchasing an additional 166 shares during the period. Institutional investors own 83.50% of the company’s stock.

A number of research analysts have recently commented on the company. Sanford C. Bernstein restated a “mkt perform” rating on shares of Target in a research note on Friday, May 3rd. Barclays raised Target from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $85.00 to $115.00 in a research report on Monday, April 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price objective (up previously from $88.00) on shares of Target in a research report on Thursday, April 18th. Gordon Haskett raised Target from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Evercore ISI initiated coverage on Target in a report on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.29.

Shares of TGT stock traded down $0.47 during trading hours on Friday, hitting $74.64. The stock had a trading volume of 5,194,328 shares, compared to its average volume of 4,953,979. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 1.08. Target Co. has a one year low of $60.15 and a one year high of $90.39. The stock has a market capitalization of $38.72 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 2.08 and a beta of 0.65.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.53. The company had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.05 billion. Target had a return on equity of 25.74% and a net margin of 3.90%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. As a group, research analysts predict that Target Co. will post 5.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.56 dividend on an annualized basis and a yield of 3.43%. Target’s dividend payout ratio is currently 47.50%.

In related news, insider Cathy R. Smith sold 30,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $74.00, for a total value of $2,220,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Harrison sold 1,791 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $80.28, for a total value of $143,781.48. Following the completion of the transaction, the insider now directly owns 12,836 shares in the company, valued at $1,030,474.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,977 shares of company stock valued at $2,774,409. Company insiders own 0.19% of the company’s stock.

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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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