Glenmede Trust Co. NA lifted its stake in shares of Target Co. (NYSE:TGT) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 897,882 shares of the retailer’s stock after purchasing an additional 13,484 shares during the period. Glenmede Trust Co. NA owned 0.17% of Target worth $58,584,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in TGT. Raymond James Financial Services Advisors Inc. raised its stake in shares of Target by 25.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 236,469 shares of the retailer’s stock worth $13,954,000 after purchasing an additional 47,705 shares in the last quarter. Sei Investments Co. raised its stake in shares of Target by 18.7% during the 3rd quarter. Sei Investments Co. now owns 232,168 shares of the retailer’s stock worth $13,701,000 after purchasing an additional 36,582 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Target by 1.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,488,840 shares of the retailer’s stock worth $87,856,000 after purchasing an additional 17,340 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Target in the 3rd quarter valued at $679,000. Finally, Putnam FL Investment Management Co. bought a new stake in Target in the 3rd quarter valued at $563,000. Institutional investors own 87.02% of the company’s stock.
A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Vetr cut Target from a “strong-buy” rating to a “buy” rating and set a $66.10 price target on the stock. in a research note on Wednesday, November 29th. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price target on shares of Target in a research note on Thursday, January 11th. Zacks Investment Research cut Target from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Moffett Nathanson assumed coverage on Target in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.97.
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 value of $234,240.00. Following the transaction, the insider now directly owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $76.74, for a total value of $656,664.18. Following the completion of the transaction, the insider now directly owns 13,288 shares in the company, valued at $1,019,721.12. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Target Co. (NYSE TGT) opened at $70.99 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.95 and a debt-to-equity ratio of 0.97. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.70. The company has a market capitalization of $38,392.54, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71.
Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 6th. The retailer reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The firm had revenue of $22.77 billion during the quarter, compared to analyst estimates of $22.56 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. equities research analysts predict that Target Co. will post 5.29 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 10th. Shareholders 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 yield of 3.49%. Target’s dividend payout ratio is 46.36%.
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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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