Stonebridge Capital Advisors LLC grew its position in Target Co. (NYSE:TGT) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,101 shares of the retailer’s stock after acquiring an additional 1,652 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Target were worth $2,681,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Lake Street Advisors Group LLC acquired a new stake in shares of Target in the fourth quarter valued at approximately $551,000. MetLife Investment Advisors LLC purchased a new stake in shares of Target during the fourth quarter worth approximately $10,974,000. Westside Investment Management Inc. raised its stake in shares of Target by 128.6% during the fourth quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. JT Stratford LLC purchased a new stake in shares of Target during the fourth quarter worth approximately $277,000. Finally, BB&T Securities LLC raised its stake in shares of Target by 43.8% during the fourth quarter. BB&T Securities LLC now owns 66,674 shares of the retailer’s stock worth $4,350,000 after purchasing an additional 20,305 shares during the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.
In other news, insider Robert M. Harrison sold 8,557 shares of the firm’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 completion of the transaction, the insider now owns 13,288 shares in the company, valued at $1,019,721.12. The sale 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 the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the transaction, the insider now owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
Several equities research analysts have recently commented on the company. Vetr upgraded Target from a “sell” rating to a “hold” rating and set a $72.52 price target for the company in a research note on Monday, February 5th. Susquehanna Bancshares set a $95.00 price target on Target and gave the stock a “buy” rating in a research note on Monday, March 5th. Sanford C. Bernstein set a $65.00 price target on Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Zacks Investment Research cut Target from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, MKM Partners set a $77.00 price target on Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Target presently has a consensus rating of “Hold” and a consensus target price of $73.97.
Target stock opened at $70.99 on Monday. The stock has a market capitalization of $38,588.22, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30. Target Co. has a 52-week low of $48.56 and a 52-week high of $78.70.
Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 6th. The retailer reported $1.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.02). The business had revenue of $22.77 billion during the quarter, compared to analysts’ expectations of $22.56 billion. Target had a return on equity of 23.04% and a net margin of 4.08%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. equities analysts expect that Target Co. will post 5.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 10th. Shareholders of record on Wednesday, May 16th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.49%. Target’s payout ratio is 46.36%.
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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