Murphy Pohlad Asset Management LLC boosted its position in Target Co. (NYSE:TGT) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,773 shares of the retailer’s stock after purchasing an additional 4,660 shares during the period. Target comprises 1.9% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 17th biggest holding. Murphy Pohlad Asset Management LLC’s holdings in Target were worth $2,856,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in TGT. Bedell Frazier Investment Counseling LLC purchased a new position in shares of Target during the 3rd quarter valued at about $219,000. Security Asset Management purchased a new position in shares of Target during the 4th quarter valued at about $115,000. Heritage Trust Co lifted its position in shares of Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after buying an additional 1,000 shares in the last quarter. SevenBridge Financial Group LLC lifted its position in shares of Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after buying an additional 1,826 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its position in shares of Target by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after buying an additional 1,310 shares in the last quarter. 87.85% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the company. Cowen set a $80.00 price objective on Target and gave the company a “hold” rating in a research report on Thursday, February 8th. Vetr raised Target from a “sell” rating to a “hold” rating and set a $72.52 price objective on the stock in a research report on Monday, February 5th. Zacks Investment Research raised Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a research report on Saturday, January 20th. MKM Partners set a $93.00 price objective on Target and gave the company a “buy” rating in a research report on Friday, January 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price objective on shares of Target in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Target has an average rating of “Hold” and an average price target of $67.64.
Target Co. (NYSE:TGT) traded up $0.49 during trading hours on Tuesday, reaching $72.37. The company’s stock had a trading volume of 358,925 shares, compared to its average volume of 7,502,206. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.70. The company has a market cap of $39,070.00, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 3.42 and a beta of 0.75.
Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. equities research analysts expect that Target Co. will post 4.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Tuesday, February 20th. Target’s payout ratio is 52.10%.
In other Target news, insider Robert M. Harrison sold 8,557 shares of Target stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total value of $656,664.18. Following the sale, the insider now owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the transaction, the insider now owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,262 shares of company stock worth $1,185,484. Corporate insiders own 0.20% 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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