National Pension Service lifted its holdings in Target Co. (NYSE:TGT) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 533,989 shares of the retailer’s stock after purchasing an additional 6,722 shares during the quarter. National Pension Service owned 0.10% of Target worth $34,843,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of TGT. Motco grew its holdings in shares of Target by 9.5% in the second quarter. Motco now owns 54,678 shares of the retailer’s stock valued at $2,859,000 after purchasing an additional 4,727 shares in the last quarter. ARGI Investment Services LLC lifted its position in Target by 15.5% in the second quarter. ARGI Investment Services LLC now owns 29,393 shares of the retailer’s stock worth $1,537,000 after buying an additional 3,950 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in Target by 136.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 11,917 shares of the retailer’s stock worth $623,000 after buying an additional 6,869 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new stake in Target in the second quarter worth $4,011,000. Finally, Sequoia Financial Advisors LLC lifted its position in Target by 8.8% in the second quarter. Sequoia Financial Advisors LLC now owns 4,418 shares of the retailer’s stock worth $231,000 after buying an additional 359 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.25% of the stock is owned by corporate insiders.
TGT has been the subject of a number of analyst reports. TheStreet upgraded Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Vetr downgraded Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price target for the company. in a research report on Monday, November 20th. MKM Partners initiated coverage on Target in a research report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price target for the company. Zacks Investment Research upgraded Target from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $66.15.
Shares of Target Co. (NYSE TGT) opened at $76.82 on Thursday. The company has a market capitalization of $41,760.00, a P/E ratio of 16.14, a P/E/G ratio of 3.95 and a beta of 0.63. Target Co. has a 52-week low of $48.56 and a 52-week high of $77.58. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27.
Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The firm had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. Target’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. equities analysts expect that Target Co. will post 4.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a $0.62 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a yield of 3.23%. Target’s dividend payout ratio is currently 52.10%.
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Target Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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