Nicholas Hoffman & Company LLC. boosted its stake in shares of Target Co. (NYSE:TGT) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,402 shares of the retailer’s stock after acquiring an additional 2,316 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Target were worth $1,331,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Uncommon Cents Investing LLC bought a new position in shares of Target during the fourth quarter valued at approximately $2,307,000. SNS Financial Group LLC grew its stake in shares of Target by 11.9% during the fourth quarter. SNS Financial Group LLC now owns 15,239 shares of the retailer’s stock valued at $994,000 after buying an additional 1,623 shares during the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Target by 1,931.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 7,943 shares of the retailer’s stock valued at $518,000 after buying an additional 7,552 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Target by 27.4% during the fourth quarter. Schroder Investment Management Group now owns 1,345,277 shares of the retailer’s stock valued at $87,779,000 after buying an additional 289,031 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Target by 9.4% during 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 buying an additional 916,178 shares during the last quarter. 88.32% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on TGT. Vetr cut Target from a “hold” rating to a “sell” rating and set a $73.66 target price on the stock. in a research note on Thursday, February 15th. Citigroup reaffirmed a “neutral” rating and set a $80.00 target price (down previously from $86.00) on shares of Target in a research note on Friday. ValuEngine raised Target from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Cowen set a $80.00 target price on Target and gave the company a “hold” rating in a research note on Thursday, February 8th. Finally, Robert W. Baird raised Target from a “neutral” rating to an “outperform” rating and upped their target price for the company from $75.00 to $85.00 in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Target presently has an average rating of “Hold” and a consensus price target of $69.56.
Shares of Target Co. (TGT) opened at $75.70 on Tuesday. 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 firm has a market capitalization of $41,148.45, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 3.57 and a beta of 0.76. Target Co. has a twelve month low of $48.56 and a twelve month high of $78.70.
The business also recently announced 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. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a yield of 3.28%. Target’s dividend payout ratio is currently 51.88%.
In other Target news, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the sale, the insider now owns 16,906 shares in the company, valued at $1,320,020.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert M. Harrison sold 8,557 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total value of $656,664.18. Following the sale, the insider now owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,262 shares of company stock valued at $1,185,484. 0.20% of the stock is owned by company insiders.
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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