Sheaff Brock Investment Advisors LLC increased its stake in shares of Target Co. (NYSE:TGT) by 109.2% in the 3rd quarter, Holdings Channel reports. The firm owned 9,893 shares of the retailer’s stock after buying an additional 5,163 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Target were worth $873,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TGT. Harvest Fund Management Co. Ltd acquired a new position in shares of Target during the 3rd quarter worth approximately $104,000. Sun Life Financial INC raised its position in shares of Target by 739.5% during the 2nd quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock worth $110,000 after purchasing an additional 1,272 shares during the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Target during the 2nd quarter worth approximately $114,000. Duncker Streett & Co. Inc. raised its position in shares of Target by 1,435.0% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock worth $117,000 after purchasing an additional 1,435 shares during the last quarter. Finally, Squar Milner Financial Services LLC acquired a new position in shares of Target during the 2nd quarter worth approximately $129,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Shares of NYSE TGT opened at $77.79 on Tuesday. Target Co. has a 52-week low of $55.25 and a 52-week high of $90.39. The firm has a market cap of $41.94 billion, a PE ratio of 16.52, a P/E/G ratio of 2.19 and a beta of 0.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.82 and a quick ratio of 0.17.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, November 20th. The retailer reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.02). Target had a net margin of 4.19% and a return on equity of 24.29%. The company had revenue of $17.59 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Target Co. will post 5.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.64 per share. The ex-dividend date is Tuesday, November 20th. This represents a $2.56 annualized dividend and a dividend yield of 3.29%. Target’s dividend payout ratio is presently 54.35%.

In other news, insider Stephanie A. Lundquist sold 2,100 shares of the business’s stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total transaction of $180,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Janna A. Potts sold 15,172 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $88.00, for a total transaction of $1,335,136.00. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

TGT has been the subject of several research reports. Robert W. Baird lifted their price objective on Target from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Wolfe Research downgraded Target from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 23rd. Guggenheim restated a “hold” rating on shares of Target in a research report on Wednesday, August 22nd. Bank of America set a $90.00 price objective on Target and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Finally, Citigroup boosted their price target on Target from $76.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, August 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.38.

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Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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