All Terrain Financial Advisors LLC bought a new stake in Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,188 shares of the retailer’s stock, valued at approximately $2,557,000. Target makes up 1.2% of All Terrain Financial Advisors LLC’s holdings, making the stock its 23rd largest position.
A number of other institutional investors also recently modified their holdings of the business. TIAA CREF Investment Management LLC lifted its holdings in Target by 85.0% in the fourth 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 increased its stake in Target by 49.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,186,874 shares of the retailer’s stock valued at $188,052,000 after purchasing an additional 1,058,000 shares in the last quarter. Teachers Advisors LLC increased its stake in Target by 101.8% in the fourth quarter. Teachers Advisors LLC now owns 1,879,844 shares of the retailer’s stock valued at $122,660,000 after purchasing an additional 948,075 shares in the last quarter. Hamlin Capital Management LLC bought a new stake in Target in the fourth quarter valued at $60,860,000. Finally, Bank of New York Mellon Corp increased its stake in Target by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 10,654,835 shares of the retailer’s stock valued at $695,229,000 after purchasing an additional 916,178 shares in the last quarter. Hedge funds and other institutional investors own 87.02% of the company’s stock.
Target stock traded down $0.15 during midday trading on Friday, reaching $72.29. 6,360,018 shares of the stock were exchanged, compared to its average volume of 5,196,000. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $39,376.41, a PE ratio of 15.35, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. Target Co. has a 52 week low of $48.56 and a 52 week high of $78.70.
Target (NYSE:TGT) last posted its earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02). The firm had revenue of $22.77 billion for 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 business’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. research analysts forecast that Target Co. will post 5.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Stockholders of record on Wednesday, May 16th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.43%. Target’s payout ratio is 52.65%.
In other news, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction on 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 owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Mulligan sold 118,373 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $69.37, for a total transaction of $8,211,535.01. Following the completion of the transaction, the insider now directly owns 195,906 shares in the company, valued at approximately $13,589,999.22. The disclosure for this sale can be found here. Insiders sold a total of 129,930 shares of company stock worth $9,102,439 in the last three months. Insiders own 0.25% of the company’s stock.
TGT has been the subject of several research analyst reports. Sanford C. Bernstein set a $65.00 price target on shares of Target and gave the company a “buy” rating in a research note 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. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Credit Suisse Group began coverage on shares of Target in a report on Monday, March 5th. They set a “buy” rating and a $86.00 price target on the stock. Finally, Susquehanna Bancshares set a $95.00 price target on shares of Target and gave the stock a “buy” rating in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $74.20.
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Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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