Ffcm LLC boosted its stake in Target Co. (NYSE:TGT) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,308 shares of the retailer’s stock after purchasing an additional 6,919 shares during the quarter. Ffcm LLC’s holdings in Target were worth $2,634,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in TGT. Janus Henderson Group PLC grew its holdings in Target by 213.8% in the second quarter. Janus Henderson Group PLC now owns 226,307 shares of the retailer’s stock valued at $11,833,000 after purchasing an additional 154,186 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Target in the second quarter valued at approximately $1,150,000. Raymond James Financial Services Advisors Inc. grew its holdings in Target by 19.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 188,764 shares of the retailer’s stock valued at $9,871,000 after purchasing an additional 30,353 shares during the period. Rowland & Co. Investment Counsel ADV grew its holdings in Target by 4.7% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock valued at $155,000 after purchasing an additional 132 shares during the period. Finally, Highlander Capital Management LLC lifted its position in Target by 42.5% during the second quarter. Highlander Capital Management LLC now owns 18,450 shares of the retailer’s stock valued at $971,000 after buying an additional 5,500 shares in the last quarter. Hedge funds and other institutional investors own 87.85% of the company’s stock.
A number of research analysts have weighed in on TGT shares. Moffett Nathanson started coverage on shares of Target in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price target on shares of Target in a research report on Thursday, January 11th. Telsey Advisory Group lifted their price target on shares of Target from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 3rd. Vetr cut shares of Target from a “hold” rating to a “sell” rating and set a $70.45 price target on the stock. in a research report on Thursday, January 11th. Finally, Wells Fargo & Co started coverage on shares of Target in a research report on Friday, November 3rd. They set a “market perform” rating and a $62.00 price target on the stock. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $67.64.
Target Co. (NYSE:TGT) opened at $71.88 on Tuesday. Target Co. has a 12-month low of $48.56 and a 12-month high of $78.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The company has a market cap of $39,381.84, a price-to-earnings ratio of 15.09, a PEG ratio of 3.42 and a beta of 0.76.
Target (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The business had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. research analysts anticipate 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. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.45%. Target’s payout ratio is currently 51.88%.
In related news, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Harrison sold 8,557 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the completion of the sale, the insider now directly owns 13,288 shares in the company, valued at $1,019,721.12. The disclosure for this sale can be found here. Over the last three months, insiders have 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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