State of Tennessee Treasury Department Boosts Position in Target Co. (TGT)

State of Tennessee Treasury Department boosted its stake in Target Co. (NYSE:TGT) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 410,621 shares of the retailer’s stock after purchasing an additional 12,813 shares during the period. State of Tennessee Treasury Department owned about 0.08% of Target worth $26,794,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Capital Investment Advisory Services LLC increased its holdings in Target by 9.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 7,675 shares of the retailer’s stock valued at $501,000 after purchasing an additional 693 shares during the last quarter. Motco boosted its position in Target by 1.6% in the 3rd quarter. Motco now owns 55,554 shares of the retailer’s stock valued at $3,278,000 after buying an additional 876 shares during the period. Regentatlantic Capital LLC boosted its position in Target by 1.5% in the 4th quarter. Regentatlantic Capital LLC now owns 61,549 shares of the retailer’s stock valued at $4,016,000 after buying an additional 905 shares during the period. American Trust Investment Advisors LLC boosted its position in Target by 5.3% in the 4th quarter. American Trust Investment Advisors LLC now owns 19,055 shares of the retailer’s stock valued at $1,243,000 after buying an additional 960 shares during the period. Finally, JFS Wealth Advisors LLC boosted its position in Target by 39.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,400 shares of the retailer’s stock valued at $201,000 after buying an additional 967 shares during the period. Hedge funds and other institutional investors own 88.32% of the company’s stock.

In related news, insider Robert M. Harrison sold 8,557 shares of the business’s 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 completion of the sale, the insider now directly owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,262 shares of company stock valued at $1,185,484. Corporate insiders own 0.25% of the company’s stock.

Several brokerages have commented on TGT. 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. Citigroup reissued a “neutral” rating and issued a $80.00 price target (down previously from $86.00) on shares of Target in a research report on Friday, February 16th. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Cowen set a $80.00 price target on shares of Target and gave the company a “hold” rating in a research report on Thursday, February 8th. Finally, Robert W. Baird raised shares of Target from a “neutral” rating to an “outperform” rating and raised their price target for the company from $75.00 to $85.00 in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $69.56.

Shares of Target Co. (NYSE:TGT) opened at $75.74 on Friday. The stock has a market cap of $40,780.00, a price-to-earnings ratio of 15.76, a PEG ratio of 3.44 and a beta of 0.75. Target Co. has a 1 year low of $48.56 and a 1 year high of $78.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.27%. Target’s dividend payout ratio (DPR) is currently 52.10%.

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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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