Green Square Capital LLC lowered its position in shares of Target Co. (NYSE:TGT) by 37.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,331 shares of the retailer’s stock after selling 35,989 shares during the period. Green Square Capital LLC’s holdings in Target were worth $4,002,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TGT. TIAA CREF Investment Management LLC boosted its position in Target by 85.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,299,194 shares of the retailer’s stock valued at $215,272,000 after buying an additional 1,515,618 shares during the period. Dimensional Fund Advisors LP boosted its position in Target by 49.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,186,874 shares of the retailer’s stock valued at $188,052,000 after buying an additional 1,058,000 shares during the period. Teachers Advisors LLC boosted its position in Target by 101.8% during the 4th quarter. Teachers Advisors LLC now owns 1,879,844 shares of the retailer’s stock valued at $122,660,000 after buying an additional 948,075 shares during the period. Hamlin Capital Management LLC purchased a new stake in Target during the 4th quarter valued at $60,860,000. Finally, Bank of New York Mellon Corp boosted its position in Target by 9.4% during the 4th quarter. Bank of New York Mellon Corp now owns 10,654,835 shares of the retailer’s stock valued at $695,229,000 after buying an additional 916,178 shares during the period. 87.01% of the stock is owned by institutional investors and hedge funds.
Target Co. (NYSE:TGT) opened at $70.22 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30. The stock has a market cap of $38,126.19, a PE ratio of 13.13, a P/E/G ratio of 2.96 and a beta of 0.71. Target Co. has a 12 month low of $48.56 and a 12 month high of $78.70.
Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.02). The business had revenue of $22.77 billion during the quarter, compared to the consensus estimate of $22.56 billion. Target had a return on equity of 23.04% and a net margin of 4.08%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. analysts anticipate that Target Co. will post 5.29 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Investors of record on Wednesday, May 16th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.53%. Target’s payout ratio is 46.36%.
Several equities research analysts have weighed in on TGT shares. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Moffett Nathanson started coverage on shares of Target in a research report on Monday, December 4th. They set a “neutral” rating for the company. Vetr cut shares of Target from a “hold” rating to a “sell” rating and set a $73.66 price target for the company. in a research report on Thursday, February 15th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 target price on shares of Target in a research report on Thursday, January 11th. Finally, Telsey Advisory Group raised their target price on shares of Target from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $74.20.
In related news, insider Stephanie A. Lundquist sold 3,000 shares of the 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 completion of the transaction, the insider now directly owns 16,906 shares in the company, valued at approximately $1,320,020.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction dated Thursday, January 18th. The stock was 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 owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
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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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