Lucia Wealth Services LLC Has $624,000 Stake in Target Co. (NYSE:TGT)

Lucia Wealth Services LLC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 13.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,204 shares of the retailer’s stock after selling 1,164 shares during the period. Lucia Wealth Services LLC’s holdings in Target were worth $624,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in Target by 2.4% during the 1st quarter. LSV Asset Management now owns 7,391,837 shares of the retailer’s stock valued at $593,268,000 after purchasing an additional 171,019 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Target by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 6,980,549 shares of the retailer’s stock valued at $460,727,000 after purchasing an additional 381,831 shares during the last quarter. American Century Companies Inc. lifted its holdings in Target by 18.8% during the 1st quarter. American Century Companies Inc. now owns 3,178,060 shares of the retailer’s stock valued at $255,071,000 after purchasing an additional 502,098 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Target by 59.7% during the 1st quarter. Nordea Investment Management AB now owns 2,893,715 shares of the retailer’s stock valued at $232,253,000 after purchasing an additional 1,081,856 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Target by 1.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,658,165 shares of the retailer’s stock valued at $213,344,000 after purchasing an additional 46,261 shares during the last quarter. 83.11% of the stock is owned by institutional investors.

NYSE TGT opened at $81.83 on Friday. Target Co. has a 1-year low of $60.15 and a 1-year high of $90.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.88 and a quick ratio of 0.19. The stock has a market cap of $44.51 billion, a PE ratio of 15.18, a PEG ratio of 2.07 and a beta of 0.60. The company’s 50 day moving average price is $87.35.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. Target had a return on equity of 26.48% and a net margin of 3.96%. The business had revenue of $17.63 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Target Co. will post 5.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.66 per share. This is a positive change from Target’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, August 20th. Target’s dividend payout ratio (DPR) is currently 47.50%.

In other news, insider Michael Edward Mcnamara sold 11,891 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $88.79, for a total transaction of $1,055,801.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Janna A. Potts sold 8,759 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $79.00, for a total value of $691,961.00. Following the transaction, the insider now owns 27,720 shares of the company’s stock, valued at $2,189,880. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,180 shares of company stock valued at $2,854,650. Company insiders own 0.24% of the company’s stock.

Several equities research analysts have recently commented on TGT shares. Barclays reiterated a “buy” rating and set a $95.00 price target on shares of Target in a research report on Thursday, May 30th. Goldman Sachs Group assumed coverage on shares of Target in a report on Thursday, July 11th. They issued a “buy” rating and a $102.00 price target for the company. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Target in a report on Friday, May 3rd. UBS Group upped their price target on shares of Target from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. Finally, Morgan Stanley raised shares of Target from an “underweight” rating to an “equal weight” rating and set a $67.00 price target on the stock in a research report on Monday, May 20th. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $89.88.

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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