Target Co. (TGT) Shares Sold by JGP Wealth Management LLC

JGP Wealth Management LLC lowered its holdings in Target Co. (NYSE:TGT) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,092 shares of the retailer’s stock after selling 157 shares during the period. JGP Wealth Management LLC’s holdings in Target were worth $799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. AQR Capital Management LLC lifted its holdings in Target by 114.5% in the third quarter. AQR Capital Management LLC now owns 10,474,816 shares of the retailer’s stock worth $923,984,000 after acquiring an additional 5,590,395 shares during the last quarter. Swedbank bought a new position in Target in the third quarter worth about $198,324,000. OppenheimerFunds Inc. lifted its holdings in Target by 61.7% in the third quarter. OppenheimerFunds Inc. now owns 2,025,519 shares of the retailer’s stock worth $178,671,000 after acquiring an additional 773,180 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Target by 54.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,028,126 shares of the retailer’s stock worth $178,899,000 after acquiring an additional 717,588 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Target by 17.2% in the third quarter. JPMorgan Chase & Co. now owns 4,570,262 shares of the retailer’s stock worth $403,145,000 after acquiring an additional 671,121 shares during the last quarter. 82.89% of the stock is currently owned by hedge funds and other institutional investors.

NYSE TGT opened at $70.68 on Friday. Target Co. has a 12 month low of $60.15 and a 12 month high of $90.39. The company has a current ratio of 0.83, a quick ratio of 0.13 and a debt-to-equity ratio of 1.10. The company has a market cap of $35.41 billion, a P/E ratio of 15.01, a P/E/G ratio of 2.10 and a beta of 0.72.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, November 20th. The retailer reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.02). Target had a net margin of 4.31% and a return on equity of 25.02%. The company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the business earned $0.91 EPS. Target’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Target Co. will post 5.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 10th. Investors of record on Wednesday, February 20th will be paid a dividend of $0.64 per share. The ex-dividend date is Tuesday, February 19th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.62%. Target’s dividend payout ratio is presently 54.35%.

A number of equities analysts have issued reports on the stock. Cowen raised shares of Target from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Wednesday, November 7th. KeyCorp initiated coverage on shares of Target in a research note on Friday, November 16th. They issued an “overweight” rating and a $110.00 price target on the stock. Buckingham Research initiated coverage on shares of Target in a research note on Thursday, November 15th. They issued a “buy” rating and a $102.00 price target on the stock. Citigroup dropped their price target on shares of Target from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, December 3rd. Finally, Tigress Financial restated a “buy” rating on shares of Target in a research note on Thursday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Target presently has an average rating of “Hold” and a consensus target price of $86.92.

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Target Profile

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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Institutional Ownership by Quarter for Target (NYSE:TGT)

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