D L Carlson Investment Group Inc. Takes $3.39 Million Position in Target Co. (TGT)

D L Carlson Investment Group Inc. acquired a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 51,873 shares of the retailer’s stock, valued at approximately $3,385,000.

Several other hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. raised its stake in shares of Target by 80.7% in the 4th quarter. Wedbush Securities Inc. now owns 17,034 shares of the retailer’s stock valued at $1,111,000 after buying an additional 7,605 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Target by 21.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 13,171 shares of the retailer’s stock worth $859,000 after purchasing an additional 2,365 shares in the last quarter. Mariner Wealth Advisors LLC acquired a new stake in shares of Target during the 4th quarter worth about $211,000. Wealthfront Inc. acquired a new stake in shares of Target during the 4th quarter worth about $2,527,000. Finally, Nicholas Hoffman & Company LLC. increased its position in shares of Target by 12.8% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 20,402 shares of the retailer’s stock worth $1,331,000 after purchasing an additional 2,316 shares in the last quarter. Institutional investors own 88.32% of the company’s stock.

A number of equities research analysts recently issued reports on TGT shares. 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. MKM Partners set a $77.00 target price on shares of Target and gave the stock a “buy” rating in a research report on Thursday, December 14th. Vetr cut shares of Target from a “strong-buy” rating to a “buy” rating and set a $64.00 target price for the company. in a research report on Monday, November 20th. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Barclays upgraded shares of Target from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $45.00 to $70.00 in a research report on Friday, January 5th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $69.56.

Shares of Target Co. (TGT) opened at $75.70 on Tuesday. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. The company has a market cap of $41,148.45, a PE ratio of 15.84, a price-to-earnings-growth ratio of 3.57 and a beta of 0.76.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio is currently 51.88%.

In other news, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the transaction, the insider now owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $656,664.18. Following the completion of the transaction, the insider now directly owns 13,288 shares in the company, valued at approximately $1,019,721.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,262 shares of company stock worth $1,185,484. Insiders own 0.20% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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