Greenleaf Trust lifted its holdings in Target Co. (NYSE:TGT) by 9.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,721 shares of the retailer’s stock after purchasing an additional 773 shares during the period. Greenleaf Trust’s holdings in Target were worth $700,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of 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 acquiring an additional 151,096 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Target in the 4th quarter worth $161,000. Eukles Asset Management acquired a new stake in shares of Target in the 4th quarter worth $33,000. Intact Investment Management Inc. increased its stake in shares of Target by 2.8% in the 4th quarter. Intact Investment Management Inc. now owns 44,800 shares of the retailer’s stock worth $2,961,000 after acquiring an additional 1,200 shares during the last quarter. Finally, BB&T Corp increased its stake in shares of Target by 31.1% in the 4th quarter. BB&T Corp now owns 36,839 shares of the retailer’s stock worth $2,435,000 after acquiring an additional 8,732 shares during the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.

In related news, insider Robert M. Harrison sold 1,791 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $80.28, for a total transaction of $143,781.48. Following the completion of the transaction, the insider now directly owns 12,836 shares in the company, valued at approximately $1,030,474.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cathy R. Smith sold 30,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $74.00, for a total value of $2,220,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,977 shares of company stock valued at $2,774,409 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

A number of analysts have issued reports on TGT shares. Gordon Haskett raised Target from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Zacks Investment Research raised Target from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, March 8th. Morgan Stanley raised Target from an “underweight” rating to an “equal weight” rating and set a $67.00 target price for the company in a research note on Monday. Deutsche Bank raised their target price on Target from $80.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI assumed coverage on Target in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Target has a consensus rating of “Buy” and an average price target of $89.10.

Shares of NYSE:TGT opened at $77.56 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.83 and a quick ratio of 0.20. The stock has a market cap of $37.10 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65. Target Co. has a 12-month low of $60.15 and a 12-month high of $90.39.

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 25.74% and a net margin of 3.90%. The company had revenue of $17.63 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same period last year, the business posted $1.32 EPS. Target’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Target Co. will post 5.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 47.50%.

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Target Company 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 d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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