Target Co. (NYSE:TGT) Shares Acquired by Oarsman Capital Inc.

Oarsman Capital Inc. increased its stake in shares of Target Co. (NYSE:TGT) by 19.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,553 shares of the retailer’s stock after purchasing an additional 1,416 shares during the quarter. Oarsman Capital Inc.’s holdings in Target were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rakuten Securities Inc. purchased a new stake in shares of Target in the 4th quarter valued at about $29,000. Private Wealth Management Group LLC acquired a new position in Target during the fourth quarter worth approximately $29,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Target in the fourth quarter valued at approximately $33,000. Partnership Wealth Management LLC acquired a new stake in shares of Target in the fourth quarter valued at approximately $40,000. Finally, Pingora Partners LLC purchased a new position in shares of Target during the fourth quarter worth approximately $43,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Down 1.1 %

Shares of TGT stock opened at $143.14 on Friday. The stock has a market cap of $66.22 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.38 and a beta of 1.20. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The business has a fifty day simple moving average of $157.98 and a 200-day simple moving average of $152.20.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The business had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. Target’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. On average, analysts forecast that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a $1.12 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 dividend on an annualized basis and a yield of 3.13%. This is a positive change from Target’s previous quarterly dividend of $1.10. Target’s dividend payout ratio is presently 49.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TGT. BMO Capital Markets decreased their price target on shares of Target from $170.00 to $155.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd. UBS Group decreased their target price on shares of Target from $191.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Wells Fargo & Company boosted their price target on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Jefferies Financial Group upped their price objective on Target from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada lowered their target price on Target from $191.00 to $181.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.11.

Insider Transactions at Target

In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.