Target Co. (TGT) Holdings Decreased by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. reduced its position in Target Co. (NYSE:TGT) by 11.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,273 shares of the retailer’s stock after selling 526 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Target were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. One Capital Management LLC lifted its holdings in shares of Target by 1.9% in the fourth quarter. One Capital Management LLC now owns 36,001 shares of the retailer’s stock worth $2,379,000 after buying an additional 656 shares in the last quarter. Truewealth LLC lifted its holdings in shares of Target by 70.7% in the fourth quarter. Truewealth LLC now owns 881 shares of the retailer’s stock worth $58,000 after buying an additional 365 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Target by 40.9% in the fourth quarter. Lord Abbett & CO. LLC now owns 897,700 shares of the retailer’s stock worth $59,329,000 after buying an additional 260,700 shares in the last quarter. Actinver Wealth Management Inc. purchased a new position in shares of Target in the fourth quarter worth $835,000. Finally, Swedbank lifted its holdings in shares of Target by 4.5% in the fourth quarter. Swedbank now owns 2,349,986 shares of the retailer’s stock worth $152,655,000 after buying an additional 101,671 shares in the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

TGT stock opened at $70.78 on Friday. 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 twelve month low of $60.15 and a twelve month high of $90.39. The firm has a market cap of $36.95 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.96 and a beta of 0.65.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 47.50%.

Several equities analysts have recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 target price (up previously from $88.00) on shares of Target in a report on Thursday, April 18th. Evercore ISI initiated coverage on shares of Target in a report on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 target price on the stock. Gordon Haskett raised shares of Target from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Barclays raised shares of Target from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $85.00 to $115.00 in a research note on Monday, April 29th. Finally, BMO Capital Markets upped their price target on shares of Target from $70.00 to $78.00 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $88.29.

In other Target news, insider Robert M. Harrison sold 1,791 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $80.28, for a total transaction of $143,781.48. Following the transaction, the insider now owns 12,836 shares in the company, valued at $1,030,474.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Edward Mcnamara sold 5,186 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.18, for a total transaction of $410,627.48. Following the transaction, the insider now owns 77,550 shares in the company, valued at approximately $6,140,409. The disclosure for this sale can be found here. Insiders have sold 36,977 shares of company stock worth $2,774,409 in the last quarter. Company insiders own 0.19% of the company’s stock.

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About Target

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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