BLB&B Advisors LLC Boosts Position in Target Co. (TGT)
BLB&B Advisors LLC increased its holdings in Target Co. (NYSE:TGT) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,978 shares of the retailer’s stock after buying an additional 5,398 shares during the quarter. BLB&B Advisors LLC’s holdings in Target were worth $3,131,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pennsylvania Trust Co lifted its holdings in Target by 9.1% during the fourth quarter. Pennsylvania Trust Co now owns 24,529 shares of the retailer’s stock valued at $1,605,000 after purchasing an additional 2,044 shares in the last quarter. Atria Investments LLC lifted its holdings in Target by 281.1% during the fourth quarter. Atria Investments LLC now owns 77,275 shares of the retailer’s stock valued at $5,042,000 after purchasing an additional 56,996 shares in the last quarter. Hexavest Inc. lifted its holdings in Target by 1.9% during the fourth quarter. Hexavest Inc. now owns 1,149,100 shares of the retailer’s stock valued at $74,979,000 after purchasing an additional 20,940 shares in the last quarter. Kistler Tiffany Companies LLC lifted its holdings in Target by 42.4% during the fourth quarter. Kistler Tiffany Companies LLC now owns 9,908 shares of the retailer’s stock valued at $646,000 after purchasing an additional 2,952 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in Target by 48.4% during the fourth quarter. North Star Investment Management Corp. now owns 76,150 shares of the retailer’s stock valued at $4,969,000 after purchasing an additional 24,835 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.
In other news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.
Target Co. (NYSE:TGT) traded down $0.22 during mid-day trading on Tuesday, hitting $76.58. 4,580,299 shares of the company’s stock traded hands, compared to its average volume of 10,194,956. The stock has a market capitalization of $41,720.00, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 4.87 and a beta of 0.63. Target Co. has a 1-year low of $48.56 and a 1-year high of $77.00. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01.
Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts expect that Target Co. will post 4.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be issued 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 3.24%. Target’s dividend payout ratio (DPR) is currently 52.10%.
Several equities analysts have weighed in on the stock. MKM Partners set a $93.00 price target on shares of Target and gave the company a “buy” rating in a report on Friday. Vetr downgraded shares of Target from a “hold” rating to a “sell” rating and set a $70.45 price target on the stock. in a report on Thursday, January 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price target on shares of Target in a report on Thursday, January 11th. Deutsche Bank raised shares of Target from a “neutral” rating to a “positive” rating and lifted their price target for the company from $57.00 to $70.00 in a report on Wednesday, January 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 target price (up previously from $65.00) on shares of Target in a report on Wednesday, January 10th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $66.15.
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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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