2,925 Shares in Target Co. (TGT) Acquired by Dillon & Associates Inc.

Dillon & Associates Inc. purchased a new position in shares of Target Co. (NYSE:TGT) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,925 shares of the retailer’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Target by 17.2% in the third quarter. JPMorgan Chase & Co. now owns 4,570,262 shares of the retailer’s stock valued at $403,145,000 after acquiring an additional 671,121 shares during the period. Vanguard Group Inc increased its stake in Target by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 38,331,487 shares of the retailer’s stock worth $3,381,221,000 after buying an additional 151,096 shares during the period. BLB&B Advisors LLC increased its stake in Target by 13.0% in the 4th quarter. BLB&B Advisors LLC now owns 59,007 shares of the retailer’s stock worth $3,900,000 after buying an additional 6,807 shares during the period. Alpha Windward LLC increased its stake in Target by 35.7% in the 4th quarter. Alpha Windward LLC now owns 8,935 shares of the retailer’s stock worth $591,000 after buying an additional 2,352 shares during the period. Finally, Polaris Greystone Financial Group LLC increased its stake in Target by 1,391.6% in the 4th quarter. Polaris Greystone Financial Group LLC now owns 45,897 shares of the retailer’s stock worth $3,033,000 after buying an additional 42,820 shares during the period. Institutional investors own 82.98% of the company’s stock.

In other Target news, insider Robert M. Harrison sold 1,791 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,030,474.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Edward Mcnamara sold 5,186 shares of the firm’s stock in a transaction dated 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 directly 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 a total of 36,977 shares of company stock worth $2,774,409 in the last three months. Insiders own 0.19% of the company’s stock.

TGT has been the topic of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $92.00 price target (up previously from $88.00) on shares of Target in a research note on Thursday, April 18th. Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of Target in a research note on Friday, May 3rd. BMO Capital Markets raised their price target on shares of Target from $70.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Zacks Investment Research raised 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. Finally, Evercore ISI initiated coverage on shares of Target in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $88.29.

NYSE TGT opened at $70.89 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. The stock has a market cap of $36.49 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.94 and a beta of 0.65. Target Co. has a one year low of $60.15 and a one year high of $90.39.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, meeting analysts’ consensus estimates of $1.53. The business had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.05 billion. Target had a net margin of 3.90% and a return on equity of 25.74%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. On average, equities research analysts expect that Target Co. will post 5.81 EPS for the current year.

The firm also recently announced 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 3.61%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 47.50%.

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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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