FDx Advisors Inc. Raises Position in Target Co. (TGT)

FDx Advisors Inc. increased its holdings in Target Co. (NYSE:TGT) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,921 shares of the retailer’s stock after buying an additional 26,270 shares during the quarter. FDx Advisors Inc.’s holdings in Target were worth $6,650,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Heritage Trust Co grew its stake in shares of Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC grew its stake in shares of Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after purchasing an additional 1,826 shares during the period. Security Asset Management acquired a new stake in shares of Target during the 4th quarter worth approximately $115,000. First Mercantile Trust Co. acquired a new stake in shares of Target during the 4th quarter worth approximately $124,000. Finally, Jacobi Capital Management LLC grew its stake in shares of Target by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares during the period. Institutional investors own 88.32% of the company’s stock.

In other news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction on Tuesday, January 23rd. The stock was 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 in the company, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. Insiders sold a total of 16,262 shares of company stock worth $1,185,484 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Target Co. (NYSE TGT) opened at $72.86 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.96 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 fifty-two week low of $48.56 and a fifty-two week high of $78.70.

The company 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 $0.62 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a yield of 3.40%. Target’s payout ratio is currently 51.88%.

TGT has been the topic of a number of analyst reports. Vetr cut shares of Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price objective on the stock. in a research note on Monday, November 20th. Deutsche Bank raised shares of Target from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $57.00 to $70.00 in a research note on Wednesday, January 10th. Morgan Stanley dropped their price objective on shares of Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a research note on Thursday, November 16th. Barclays set a $45.00 price target on shares of Target and gave the company a “sell” rating in a research note on Wednesday, November 15th. Finally, MKM Partners set a $77.00 price target on shares of Target and gave the company a “buy” rating in a research note on Thursday, December 14th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $69.56.

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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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