Target Co. (NYSE:TGT) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. reduced its holdings in shares of Target Co. (NYSE:TGTGet Rating) by 29.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,909 shares of the retailer’s stock after selling 805 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Target were worth $270,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Target by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 43,254,086 shares of the retailer’s stock valued at $9,179,381,000 after buying an additional 589,926 shares in the last quarter. State Street Corp grew its stake in Target by 0.5% during the 4th quarter. State Street Corp now owns 35,922,818 shares of the retailer’s stock valued at $8,313,977,000 after purchasing an additional 191,484 shares during the last quarter. Capital World Investors grew its stake in Target by 22.9% during the 4th quarter. Capital World Investors now owns 8,941,995 shares of the retailer’s stock valued at $2,069,535,000 after purchasing an additional 1,666,948 shares during the last quarter. Norges Bank purchased a new stake in Target during the 4th quarter valued at about $1,094,330,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Target by 12.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,500,093 shares of the retailer’s stock valued at $530,570,000 after purchasing an additional 269,648 shares during the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research analyst reports. Raymond James boosted their price target on Target from $190.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 18th. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research note on Saturday, May 28th. Telsey Advisory Group dropped their price target on Target from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 8th. Wells Fargo & Company upgraded Target to an “overweight” rating in a research note on Tuesday, August 9th. Finally, Barclays lowered their target price on Target from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 8th. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $193.67.

Insider Transactions at Target

In other news, insider John J. Mulligan sold 39,101 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $166.02, for a total transaction of $6,491,548.02. Following the completion of the transaction, the insider now directly owns 118,425 shares in the company, valued at $19,660,918.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider John J. Mulligan sold 39,101 shares of Target stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $166.02, for a total value of $6,491,548.02. Following the completion of the transaction, the insider now directly owns 118,425 shares in the company, valued at $19,660,918.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 1,226 shares of Target stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $173.80, for a total value of $213,078.80. Following the completion of the transaction, the chief accounting officer now owns 2,812 shares of the company’s stock, valued at $488,725.60. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Target Trading Down 3.8 %

TGT opened at $152.96 on Friday. Target Co. has a 52 week low of $137.16 and a 52 week high of $268.98. The business has a fifty day simple moving average of $163.84 and a 200-day simple moving average of $182.03. The firm has a market cap of $70.40 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.99 and a beta of 1.02. The company has a quick ratio of 0.14, a current ratio of 0.82 and a debt-to-equity ratio of 1.27.

Target (NYSE:TGTGet Rating) last released its quarterly earnings results on Wednesday, August 17th. The retailer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.32). Target had a return on equity of 35.15% and a net margin of 3.92%. The firm had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $26.07 billion. During the same quarter in the prior year, the business earned $3.64 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 8.11 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.82%. Target’s dividend payout ratio is currently 49.09%.

Target Company Profile

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Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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