Osborn Williams & Donohoe LLC Sells 3,956 Shares of Target Co. (NYSE:TGT)

Osborn Williams & Donohoe LLC lowered its holdings in Target Co. (NYSE:TGT) by 11.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,016 shares of the retailer’s stock after selling 3,956 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in Target were worth $2,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management raised its position in shares of Target by 2.4% in the first 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 period. Geode Capital Management LLC increased 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 worth $460,727,000 after acquiring an additional 381,831 shares during the period. American Century Companies Inc. increased 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 worth $255,071,000 after acquiring an additional 502,098 shares during the period. Nordea Investment Management AB increased 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 worth $232,253,000 after acquiring an additional 1,081,856 shares during the period. Finally, Parametric Portfolio Associates LLC increased 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 worth $213,344,000 after acquiring an additional 46,261 shares during the period. 83.15% of the stock is currently owned by institutional investors.

In other news, Director Roxanne S. Austin sold 4,163 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $89.00, for a total value of $370,507.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie A. Lundquist sold 8,367 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $88.01, for a total transaction of $736,379.67. The disclosure for this sale can be found here. Insiders sold a total of 33,180 shares of company stock valued at $2,854,650 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on TGT. JPMorgan Chase & Co. raised shares of Target from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $81.00 to $100.00 in a report on Thursday, May 23rd. They noted that the move was a valuation call. Deutsche Bank raised shares of Target from a “hold” rating to a “buy” rating and upped their target price for the stock from $85.00 to $99.00 in a report on Monday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 target price (up previously from $88.00) on shares of Target in a report on Thursday, April 18th. Citigroup upped their target price on shares of Target from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Finally, Bank of America set a $105.00 target price on shares of Target and gave the stock a “buy” rating in a report on Thursday, May 23rd. Eleven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $90.52.

Shares of NYSE:TGT traded up $0.22 during trading on Wednesday, reaching $82.99. The company had a trading volume of 324,772 shares, compared to its average volume of 4,291,804. The company has a fifty day moving average price of $86.74. The stock has a market cap of $41.77 billion, a PE ratio of 15.37, a P/E/G ratio of 1.95 and a beta of 0.61. Target Co. has a 12 month low of $60.15 and a 12 month 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.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.10. The firm had revenue of $17.63 billion for the quarter, compared to analyst estimates of $17.49 billion. Target had a net margin of 3.96% and a return on equity of 26.48%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 EPS. As a group, equities research analysts predict that Target Co. will post 5.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a $0.66 dividend. This is a positive change from Target’s previous quarterly dividend of $0.64. The ex-dividend date is Tuesday, August 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.18%. Target’s dividend payout ratio is presently 47.50%.

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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