Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Target Co. (NYSE:TGT) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,353 shares of the retailer’s stock after selling 2,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Target were worth $1,132,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bedell Frazier Investment Counseling LLC acquired a new stake in Target during the third quarter valued at $219,000. Heritage Trust Co boosted its position in Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC boosted its position in Target by 2,200.0% during the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Target by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Cable Hill Partners LLC boosted its position in Target by 848.8% during the third quarter. Cable Hill Partners LLC now owns 2,666 shares of the retailer’s stock valued at $157,000 after purchasing an additional 2,385 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
Target Co. (NYSE:TGT) opened at $78.10 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. The company has a market capitalization of $42,450.00, a PE ratio of 16.41, a PEG ratio of 4.05 and a beta of 0.63. Target Co. has a 12 month low of $48.56 and a 12 month high of $78.17.
Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business 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%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. research analysts predict that Target Co. will post 4.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.18%. Target’s payout ratio is presently 52.10%.
A number of analysts recently issued reports on TGT shares. TheStreet raised Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Vetr cut Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price objective for the company. in a research report on Monday, November 20th. MKM Partners assumed coverage on Target in a research report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price objective for the company. Zacks Investment Research upgraded Target from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Tuesday, October 10th. Finally, ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $65.66.
In other news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.
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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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