Steel Peak Wealth Management LLC purchased a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,744 shares of the retailer’s stock, valued at approximately $480,000.
Several other institutional investors have also recently modified their holdings of the company. Wetherby Asset Management Inc. lifted its holdings in Target by 4.8% during the 3rd quarter. Wetherby Asset Management Inc. now owns 19,553 shares of the retailer’s stock valued at $2,090,000 after purchasing an additional 903 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Target during the third quarter worth approximately $1,881,000. EP Wealth Advisors LLC bought a new stake in shares of Target during the third quarter worth approximately $4,946,000. Corient Capital Partners LLC boosted its holdings in shares of Target by 1.2% during the fourth quarter. Corient Capital Partners LLC now owns 7,889 shares of the retailer’s stock worth $1,012,000 after acquiring an additional 95 shares during the period. Finally, Metropolitan Life Insurance Co NY grew its position in shares of Target by 0.9% in the third quarter. Metropolitan Life Insurance Co NY now owns 78,432 shares of the retailer’s stock valued at $8,385,000 after purchasing an additional 702 shares during the last quarter. Institutional investors own 76.86% of the company’s stock.
In other news, insider Stephanie A. Lundquist sold 6,630 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $127.00, for a total transaction of $842,010.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Don H. Liu sold 2,274 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $122.20, for a total transaction of $277,882.80. Following the completion of the transaction, the insider now owns 37,616 shares of the company’s stock, valued at $4,596,675.20. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
NYSE TGT traded down $1.65 on Friday, reaching $116.63. The company had a trading volume of 3,270,094 shares, compared to its average volume of 5,551,336. The company has a quick ratio of 0.15, a current ratio of 0.83 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $59.28 billion, a P/E ratio of 18.63, a P/E/G ratio of 2.27 and a beta of 0.57. The company’s fifty day moving average is $119.46 and its 200 day moving average is $111.52. Target Co. has a 52-week low of $70.03 and a 52-week high of $130.24.
Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.17. Target had a return on equity of 28.22% and a net margin of 4.18%. The business had revenue of $18.41 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same period in the prior year, the company earned $1.09 earnings per share. Target’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts expect that Target Co. will post 6.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.64 dividend on an annualized basis and a yield of 2.26%. Target’s dividend payout ratio is presently 48.98%.
Several analysts recently weighed in on TGT shares. Barclays reissued a “buy” rating and set a $135.00 price target on shares of Target in a report on Friday, November 22nd. Evercore ISI started coverage on shares of Target in a research report on Wednesday, November 20th. They issued a “hold” rating for the company. Guggenheim restated a “hold” rating on shares of Target in a research note on Wednesday, January 15th. Telsey Advisory Group raised their target price on shares of Target from $120.00 to $137.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Zacks Investment Research downgraded shares of Target from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Target presently has a consensus rating of “Buy” and an average target price of $120.14.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
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