Crossmark Global Holdings Inc. grew its stake in shares of Target Co. (NYSE:TGT) by 24.1% in the fourth quarter, HoldingsChannel reports. The firm owned 60,258 shares of the retailer’s stock after purchasing an additional 11,693 shares during the period. Crossmark Global Holdings Inc.’s holdings in Target were worth $3,932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Security National Bank of Sioux City Iowa IA grew its holdings in shares of Target by 0.8% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,341 shares of the retailer’s stock valued at $698,000 after acquiring an additional 102 shares in the last quarter. Rowland & Co. Investment Counsel ADV grew its holdings in shares of Target by 4.7% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock valued at $155,000 after acquiring an additional 132 shares in the last quarter. Security National Bank of SO Dak grew its holdings in shares of Target by 2.0% in the second quarter. Security National Bank of SO Dak now owns 10,333 shares of the retailer’s stock valued at $540,000 after acquiring an additional 207 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Target by 3.3% in the second quarter. Quadrant Capital Group LLC now owns 10,910 shares of the retailer’s stock valued at $556,000 after acquiring an additional 352 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Target by 4.1% in the second quarter. Moors & Cabot Inc. now owns 13,359 shares of the retailer’s stock valued at $699,000 after acquiring an additional 530 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on TGT shares. Moffett Nathanson started coverage on Target in a report on Monday, December 4th. They issued a “neutral” rating for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 target price on shares of Target in a report on Thursday, January 11th. Telsey Advisory Group upped their target price on Target from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Vetr lowered Target from a “hold” rating to a “sell” rating and set a $70.45 target price for the company. in a report on Thursday, January 11th. Finally, Wells Fargo & Co started coverage on Target in a report on Friday, November 3rd. They issued a “market perform” rating and a $62.00 target price for the company. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Target presently has a consensus rating of “Hold” and a consensus target price of $67.64.

In other Target news, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total transaction of $656,664.18. Following the sale, the insider now owns 13,288 shares in the company, valued at $1,019,721.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,262 shares of company stock worth $1,185,484. 0.25% of the stock is owned by company insiders.

Target Co. (TGT) opened at $71.11 on Friday. Target Co. has a 12 month low of $48.56 and a 12 month high of $78.70. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $39,816.70, a P/E ratio of 15.26, a P/E/G ratio of 3.46 and a beta of 0.76.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business 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 business earned $1.04 earnings per share. Target’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts expect that Target Co. will post 4.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be paid a $0.62 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.49%. Target’s payout ratio is 51.88%.

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About Target

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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