Steward Partners Investment Advisory LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 19.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,114 shares of the retailer’s stock after purchasing an additional 7,170 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Target were worth $2,878,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Carnick & Kubik Group LLC bought a new stake in shares of Target during the third quarter valued at approximately $554,000. CAPROCK Group Inc. bought a new stake in shares of Target during the third quarter valued at approximately $832,000. SignalPoint Asset Management LLC bought a new stake in shares of Target during the third quarter valued at approximately $258,000. Pacer Advisors Inc. increased its position in shares of Target by 6.9% during the third quarter. Pacer Advisors Inc. now owns 37,779 shares of the retailer’s stock valued at $2,229,000 after acquiring an additional 2,422 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Target by 15.5% in the 3rd quarter. Principal Financial Group Inc. now owns 925,877 shares of the retailer’s stock worth $54,636,000 after purchasing an additional 124,409 shares during the period. 87.85% of the stock is owned by institutional investors.
A number of equities research analysts have commented on TGT shares. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Vetr downgraded shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 target price for the company. in a research report on Wednesday, November 29th. MKM Partners started coverage on shares of Target in a research report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 target price for the company. Sanford C. Bernstein set a $65.00 target price on shares of Target and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Barclays raised shares of Target from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $45.00 to $70.00 in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $68.36.
In related news, insider Robert M. Harrison sold 8,557 shares of Target 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 transaction, the insider now owns 13,288 shares in the company, valued at approximately $1,019,721.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the transaction, the insider now owns 16,906 shares in the company, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,262 shares of company stock worth $1,185,484. 0.20% of the stock is owned by corporate insiders.
Shares of Target Co. (NYSE TGT) opened at $75.35 on Thursday. Target Co. has a 1 year low of $48.56 and a 1 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 cap of $40,960.00, a price-to-earnings ratio of 15.83, a PEG 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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts forecast 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 paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is 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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