3,537 Shares in Target Co. (TGT) Acquired by Aveo Capital Partners LLC

Aveo Capital Partners LLC bought a new stake in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,537 shares of the retailer’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Research Global Investors purchased a new position in shares of Target in the second quarter valued at about $235,305,000. American Century Companies Inc. lifted its position in shares of Target by 45.1% in the third quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock valued at $309,101,000 after acquiring an additional 1,629,222 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of Target in the third quarter worth about $65,948,000. Dimensional Fund Advisors LP lifted its position in shares of Target by 49.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,186,874 shares of the retailer’s stock worth $188,052,000 after buying an additional 1,058,000 shares in the last quarter. Finally, Hamlin Capital Management LLC purchased a new stake in shares of Target in the fourth quarter worth about $60,860,000. Institutional investors own 87.85% of the company’s stock.

Several equities research analysts have weighed in on the company. Vetr raised Target from a “sell” rating to a “hold” rating and set a $72.52 price objective on the stock in a research note on Monday, February 5th. Sanford C. Bernstein set a $65.00 price objective on Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Barclays set a $45.00 price objective on Target and gave the stock a “sell” rating in a research note on Wednesday, November 15th. MKM Partners set a $77.00 price objective on Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus cut their target price on Target from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, November 16th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Target currently has a consensus rating of “Hold” and a consensus target price of $67.64.

Target Co. (NYSE:TGT) traded up $2.01 during trading on Wednesday, reaching $75.89. The company’s stock had a trading volume of 4,421,198 shares, compared to its average volume of 7,433,606. Target Co. has a one year low of $48.56 and a one year 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 stock has a market capitalization of $40,160.00, a price-to-earnings ratio of 15.69, a P/E/G ratio of 3.40 and a beta of 0.75.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the 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 firm had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same quarter in the prior year, the business posted $1.04 EPS. 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 earnings per share 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. This represents a $2.48 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Tuesday, February 20th. Target’s payout ratio is 52.10%.

In related news, insider Robert M. Harrison sold 8,557 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $76.74, for a total value of $656,664.18. Following the transaction, the insider now directly owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the transaction, the insider now directly owns 16,906 shares in the company, valued at $1,320,020.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,262 shares of company stock worth $1,185,484. 0.20% of the stock is owned by insiders.

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Target 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.

Institutional Ownership by Quarter for Target (NYSE:TGT)

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